DALLAS — A Grand Prairie woman has been indicted on federal charges after being accused of embezzling at least $1.2 million from an elderly Waxahachie couple.
The indictment alleges she managed the couples’ finances for years, according to the U.S. Attorney’s Office for the Northern District of Texas.
Nancy Black, 69, was indicted Sept. 15 on 10 counts of bank fraud and two counts of aggravated identity theft. She made an initial appearance Sept. 23 before U.S. Magistrate Judge Renee Harris Toliver.
Federal prosecutors allege Black worked as a bookkeeper for the couple from at least 2018 through 2024, although the couple had first hired her in the early 2000s.
According to the indictment, Black used her access to the couple’s finances to forge checks payable to herself, use their bank accounts to pay her personal credit card bills and withdraw money from an account she had been instructed to close more than a decade earlier.
Prosecutors allege the scheme resulted in losses totaling at least $1.2 million.
“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,” U.S. Attorney Ryan Raybould said. “Crimes like this don’t just drain bank accounts; they upend lives and inflict lasting hardship.”
Christopher J. Altemus, special agent in charge of IRS Criminal Investigation’s Texas Field Office, said financial crimes can have significant effects on victims and that federal investigators worked with prosecutors to investigate the allegations.
If convicted, Black could face up to 30 years in federal prison on each bank fraud count.
Aggravated identity theft carries a mandatory two-year prison term for each count that is generally served consecutively to the sentence imposed for the underlying felony.
An indictment is an allegation and does not constitute evidence of guilt. Black is presumed innocent unless proven guilty in court.
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