Former executive pleads guilty to spending $220K in bank money at strip clubs

June 11, 2014, 6:33 am
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PORTLAND, Maine (AP) — A former executive at TD Bank in Maine has pleaded guilty to using a corporate credit card to spend nearly $220,000 at strip clubs in just one year.

Jeffrey Burnham, of Arundel, pleaded guilty in federal court Tuesday to a charge of theft by a bank officer.

Prosecutors say the 41-year-old Burnham used his corporate credit card 72 times at strip clubs in Maine, Massachusetts, New York and Florida from February 2011 to February 2012, then claimed the money was spent on legitimate business purposes.

Burnham, who was a vice president and regional mortgage sales manager at the bank's Falmouth offices, remains free on a $5,000 bond.

He is scheduled to be sentenced on Sept. 15.

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Tags: maine, TD Bank, bank, credit card, guilty, Jeffrey Burnham, execitive
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