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INQUIRY JX-DOJ-PR-20260812-525719393Opened AUG 21 2026Quick look

Former Credit Union Branch Manager Sentenced to Federal Prison for Ripping Off Elderly and Incapacitated Customers

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Stage 1 of 5 · Opened
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On the record
Crime

No crime on the record yet.

Statutes

No statutes on the record yet.

Place
Indiana

"“Palmer’s crimes threw these victims’ lives into turmoil, leaving them confused and unaware of why their hard‑earned savings were disappearing,” said Tom Wheeler, United States Attorney for the Southern District of Indiana."

Status
Sentenced

"Former Credit Union Branch Manager Sentenced to Federal Prison for Ripping Off Elderly and Incapacitated Customers."

INDIANAPOLIS- Teresa Palmer, 55, of Columbus, Indiana has been sentenced to three years in federal prison, followed by three years of supervised release after pleading guilty to two counts of bank fraud.

"INDIANAPOLIS- Teresa Palmer, 55, of Columbus, Indiana has been sentenced to three years in federal prison, followed by three years of supervised release after pleading guilty to two counts of bank fraud."

Parties

No parties on the record yet.

Amounts
$381,400.05 Restitution

"Palmer was also ordered to pay $381,400.05 in restitution."