Grand Prairie Woman Accused of Embezzling $1.2 Million From Elderly Waxahachie Couple

DALLAS - A 69-year-old Grand Prairie woman has been federally indicted on charges accusing her of stealing at least $1.2 million from an elderly Waxahachie couple while working as their longtime bookkeeper.

Nancy Black was indicted Sept. 15 on 10 counts of bank fraud and two counts of aggravated identity theft, according to the U.S. Attorney's Office for the Northern District of Texas. She made an initial appearance before a federal magistrate judge Sept. 23.

According to the indictment, Black had worked as a bookkeeper for the Waxahachie couple since at least the early 2000s and was entrusted with handling their family finances.

Federal prosecutors allege that from at least 2018 through 2024, Black used that access to take money from the couple in several ways.

Black is accused of forging checks from the victims' accounts and making them payable to herself. She also allegedly used their bank accounts to pay her personal credit card bills.

Investigators further allege that Black withdrew cash from a bank account she had been instructed to close more than a decade earlier.

Prosecutors estimate that at least $1.2 million was embezzled from the couple during the scheme.

"Stealing more than a million dollars from a family who relied on you is a profound breach of trust," U.S. Attorney Ryan Raybould said in announcing the indictment.

IRS Criminal Investigation's Texas Field Office investigated the case. Assistant U.S. Attorney Ignacio Perez de la Cruz of the Fraud Section is prosecuting.

If convicted, Black faces a statutory maximum of 30 years in federal prison on each bank fraud count. Each aggravated identity theft count carries a two-year prison term under the statute. An indictment contains allegations, and Black is presumed innocent unless proven guilty.