Roxanne Saunders Gilliland, 56, Rainbow City, Alabama, pleaded guilty in federal court to charges of bank and mortgage fraud that totaled more than $500,000.

Gilliland entered guilty pleas to one count of making false statements on a mortgage loan application and three counts of bank fraud. She agreed to forfeit $577,796 to the government as proceeds of illegal activity.

According to Gilliland's plea agreement and other court documents, Gilliland was an employee of Dawson Construction Company in Gadsden, Alabama and, between March 2005 and October 2008, fraudulently withdrew the $577,796 from personal and business accounts connected to the company. Also, in April 2007, Gilliland submitted a personal home mortgage application in which she claimed a business account of Dawson Construction as a personal asset in order to obtain a mortgage loan she would have been otherwise ineligible to receive.

"Any individual who commits both bank and mortgage fraud becomes a serious threat to our community. This defendant's criminal fraud struck at both our local businesses and financial community. It is our mission to deal with these individuals swiftly and decisively in order to deter others from committing similar crimes,"  U.S. Attorney Joyce White Vance said.

The maximum sentence for counts one through four is 30 years in prison and a $1 million fine.

The announcement was made by U.S. Attorney Joyce White Vance and FBI Special Agent in Charge Patrick Maley.

Special agents of the FBI investigated the case, which Assistant U.S. Attorney Patrick Carney is prosecuting for the government.