Loan & Distribution Specialist AimPoint Pension
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Evansville Woman Sentenced in Federal Court for Bankruptcy and Wire Fraud Scheme Involving Husband's 401(k)
Office of the Solicitor, U.S. Department of Labor July 10, 2017
"[Patricia Bippus-Allen] was convicted of wire fraud stemming from her transferring money from her husband's 401(k) account into her own personal bank accounts without his consent, knowledge, or authorization. Bippus-Allen made multiple calls to the 401(k) service center purporting to be her husband while also faxing supporting documentation to the service center for a 401(k) hardship withdrawal. In sum, Bippus-Allen made multiple unauthorized withdrawals from her husband's 401(k) account for a total of over $24,000. Bippus-Allen also took out over $16,000 in loans on her husband's 401(k) account without his consent, knowledge, or authorization."
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