Matthew Daniel Sweet, 41, of Timbo (
The indictment against the former vice president and controller of
Arkansas Business first reported on Sweet on Aug. 5, naming him as "former employee B" in the July 12 forfeiture action against assets seized from
The indictment alleges that Sweet used his position at One Bank to obtain and sign 30 cashier’s checks drawn on a clearing account at the bank from January 2009 to October 2011.
According to the indictment, he then mailed the cashier’s checks to cover money owed on two personal credit cards.
When confronted by One Bank management, Sweet admitted his actions. The indictment alleges he was allowed to resign in February of 2012 and paid back the amount he had stolen with two cashier’s checks from another bank.
One check for $9,662.25 was made payable to the bank, and one for over $101,003.49 was made payable to Stuart, owner of One Bank.
Stuart died March 26, six months after bank regulators forced him out of the bank amid allegations of self-dealing.