$100,000 Plus Theft at Local Business


PANAMA CITY, FL- A woman is in the Bay County jail after allegedly stealing more than $100,000 dollars from her employer and funneling it through her dead brother's bank account.

37 year old Wendy Corbitt is facing charges of grand theft, and unlawful use of a deceased's identity. The arrest and charges stem from allegations that she was stealing money from First Service Corporation and funneling it to herself for the last six years.

Police say they got information from employees at First Service Corporation that Corbitt was allegedly taking money from accounts their company handles.

Panama City Police Detective Tammy Lanier said, "We received a phone call, an employee was doing some research and came across some discrepancies. She started looking into it more and once they found out it was a problem they actually called us."

Police say they have evidence that Corbitt was using an account under her dead brother's name to deposit the stolen funds, and then write checks to herself.

"We went, we made contact with the personnel at the First Service Corporation where the employee worked, Ms. Corbitt. We obtained paperwork and information from them about a number of checks that had been written," Lanier added.

Police first received the information on Friday March 16th, and Monday March 19th police say Corbitt confessed to taking the money. Corbitt is the vice president of human resources for First Service Corporation. The company, which is housed in the in Doral Bank building on 23rd street, handles retirement accounts.

Detective Lanier says she does not believe anyone else was involved, but their investigation is on-going.


A local woman is under arrest for stealing money from the business where she worked.

Panama City Police say 37 year old Wendy Corbitt is accused of using a deceased person's information to gain access to an account. She is charged with one count of grand theft in excess of one-hundred-thousand dollars, and one count of unlawful use of deceased identity information.

The investigation started when employees at First Service Corporation on West 23rd Street noticed money missing from an account at their bank.

Corbitt is the Vice President of Human Resources at First Service, and had access to the account.

Police say the funds were routed through the deceased person's account, then to Corbitt, over a six year period.

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  • by Jasmine on Apr 9, 2012 at 03:57 PM
    Are you serious? The police have all evidence in the world against her and she confessed. Did you not read the article. trust me, if they wanted or could stop allover the owners, they would. You people are sick! What benefit would it be for an owner to funnel money out of their employees retirement accounts? They would have to pay it back. Also, have you ever heard of "the financial Crisi"? It was all due to big banks giving away low interest rates when there was no money to really do that. No small community bank can survive something like what happened. Did you not notice big banks like Wachovia go down too? Personal vendetta's dont look good on you. Using your intellect to think critically and apply real life facts is much more appealing. This woman was a horrible person who tole from her co-workers and employees. Bottom line. there really is no arguing it. sorry.
  • by Steve Location: Panama City on Mar 20, 2012 at 05:45 PM
    The top or upper management will NEVER take responsibility for their fat cat wallets. Even in something like this, they will place all blame on it's employee etc. etc. etc. Just like the "Bank of America", that just needs to be shut down and give the jobs to other folks in other banks once it's split up. Just saying.............
  • by Noel Location: Panama City Beach on Mar 19, 2012 at 05:47 PM
    Not surprised after the major loss of a community bank that I took pride in and was employed with for over 25 years and to lose everything along with the other 500 employees. Why was a blind eye turned? Like I said, who would be surprised? It's a shame but at the end the truth will come out.......You can blame real estate market in our state, but also take a look to the higher management team of the company..............
  • by Carl Location: Panama City on Mar 19, 2012 at 03:40 PM
    This went on for 6 years?
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