Ex-banker pleads guilty to spending spree at strip clubs
A former bank executive has pleaded guilty to a federal theft charge after spending $220,000 at strip clubs using a company credit card.
The Bangor Daily News reported that Jeffrey C. Burnham, a former vice president of TD Bank who worked out of an office in Falmouth, could face up to 30 years in prison and a $1 million fine. He had been charged with theft by a bank officer, a Class B felony, in U.S. District Court in May.
Prosecutors said Burnham had used a company credit card to spend $220,000 on strip clubs on 72 occasions in Maine, Massachusetts, Florida and New York between February 2011 and February 2012. A federal investigation began when a bank employee discovered unusual charges on a credit card statement after Burnham left the company in 2012.
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