An Ash Flat woman has been charged with felony theft of property for allegedly stealing over $36,000 from The First National Banking Company in Ash Flat over the past five years. Deborah R. Fry, 41, a former vice president for sales and marketing with the bank, has been released from the Sharp County jail on her own recognizance. Her first appearance will be on November 19th in Sharp County Circuit Court.
In September, Marty Sellers, president and CEO of The First National Bank contacted the Arkansas State Police to report that he suspected a theft from the bank by an employee after the Bank's Chief Operating Officer had discovered a loss in the 2012 banking records.
When interviewed by the Arkansas State Police, Fry admitted taking money from the bank but could not recall the exact amount. Fry, who was in charge of hiring people to provide opinion research for the bank, admitted she had taken more cash out of the designated account than necessary to pay those participating in the research and then kept the excess money for herself.
An examination of the bank's records showed a loss of $36,555 occurred between 2007 to 2012.
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