No bull - ex-employee fined, gets suspended sentence for diverting bank money to his cattle operation
Aug 11, 2011 | 6408 views | 0 0 comments | 18 18 recommendations | email to a friend | print
AMITE – A former bank employee who stole to help finance his cattle ranching has pleaded no contest to a charge of felony theft in connection with the diversion of funds that should have gone to people who had made early cancellations of insurance policies.

District Attorney Scott M. Perrilloux says Clarence E. Zahn, Jr., 53, diverted about $180,000 for personal use.

Zahn, who also raised cattle, used the money to buy feed, fencing, bull semen and other items related to his farm.

On Wednesday, District Judge Robert Morrison ordered Zahn to make restitution and fined him $2,500.

Hen also gave Zahn a five-year suspended sentence, placed him on probation for five years and ordered him to sign an agreement that he will never work for another financial institution.
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