Feds say Frost Bank employee stole from the dead

The U.S. Secret Service agents on Tuesday arrested a former Frost Bank employee on a charge that she embezzled $76,664 from the accounts of customers, some of whom were dead.

Meagan Hollis, 42, who was a trust administrator assistant before resigning last year, faces up to 30 years in prison if convicted. She was released on bond pending a probable cause hearing set for April 15 before U.S. Magistrate Judge Pamela Mathy.

According to a criminal complaint affidavit, Frost Bank first became aware of the suspicious activity on March 17, 2015, when the daughter of a deceased customer questioned transfers from her father’s account.

Bank officials learned Hollis made the transfers and tried to contact her, the affidavit said. She called in sick for three days and then resigned via email, the affidavit said.

Bank officials then found Hollis had ordered and picked up an automated teller machine card for another deceased Frost customer’s account.

Between April 3, 2014, and March 18, 2015, that account saw 124 unauthorized ATM withdrawals totaling $76,664, and most of that amount had been transferred there from other Frost accounts, the affidavit said.