Reported / Citable
DALLAS — United States Attorney for the Northern District of Texas Ryan Raybould announced that a Grand Prairie woman was federally indicted Sept. 15 alleging that she embezzled at least $1.2 million from an elderly Waxahachie couple who trusted her with their family finances.
Nancy Black, 69, was charged with ten counts of bank fraud and two counts of aggravated identity theft. She had her Initial Appearance before U.S. Magistrate Judge Toliver Judge on Sept. 23.
“Stealing more than a million dollars from a family who relied on you is a profound breach of trust and betrayal of the highest magnitude,” said U.S. Attorney Ryan Raybould. “Crimes like this don’t just drain bank accounts; they upend lives and inflict lasting hardship. My office will pursue anyone who targets vulnerable populations and weaponizes trust to commit fraud and identity theft.”
“For years Black allegedly lived a life of financial deception, stealing money and the identity of the family she worked for as a bookkeeper. Financial crimes like this one significantly and horribly impact everyday people. There are always victims,” said Special Agent in Charge Christopher J. Altemus, of IRS Criminal Investigation’s Texas Field Office. “Our special agents are law enforcement officers who are experts in solving financial crimes. Working with the U.S. Attorney’s Office, we are driven to hold these types of alleged criminals accountable.”
According to the indictment, from at least 2018 to 2024, Black worked as a bookkeeper for a Waxahachie couple who had originally hired her since at least in the early 2000s. In this role, Black allegedly stole from the couple by forging checks made payable to herself, using the victims’ bank accounts to pay offer her own credit card bills and withdrawing cash from an account she had been tasked with closing over a decade earlier.
If convicted, Black faces a maximum penalty of thirty years in prison for each of the bank fraud counts and two years for each of the two aggravated identity theft counts.
IRS-Criminal Investigations conducted the investigation. Assistant U.S. Attorney Ignacio Perez de la Cruz of the Fraud Section is prosecuting the case.
An indictment is merely an allegation of criminal conduct and defendants are presumed innocent until proven guilty in a court of law.
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Source: U.S. Attorney’s Office — Northern District of Texas — U.S. Department of Justice press release.