DALLAS A federal grand jury in Dallas has returned an indictment against Ellis County resident, Tracey Buckley, 44, charging her with one count of embezzlement of funds by a bank officer, U.S. Attorney James T. Jacks of the Northern District of Texas announced on Friday.

Buckley was arrested by FBI agents Thursday at her home in Palmer, and appeared later in the day before U.S. Magistrate Judge Irma C. Ramirez and pleaded not guilty to the charge. Ramirez released her on a personal recognizance bond; a trial date has not been set.

Efforts by the Daily Light to reach Buckley were unsuccessful; a home telephone number listed for her indicated it had been disconnected.

According to the indictment, between September 2008 and September 2010, while she was a bank officer with the Bank of New York Mellon, Buckley allegedly initiated 40 wire transfers, of about $2,719,674, from internal Bank of New York Mellon accounts to her own personal bank account at JP Morgan Chase.

Prosecutors note that an indictment is an accusation by a federal grand jury and a defendant is entitled to the presumption of innocence unless proven guilty. If convicted, however, Buckley faces a maximum statutory sentence of 30 years in prison and a $1 million fine. She could also be ordered to pay restitution, they said.

As written, the indictment also includes a forfeiture allegation that would require Buckley, if convicted, to forfeit several vehicles, including a 2010 Buick Lucerne four-door, a 2007 Dodge Ram 2500 Quad pickup, a 2008 Dodge Durango four-door sport utility and a 2002 Freightliner conventional diesel tractor.

The indictment also lists several pieces of real estate that would be subject to forfeiture, if convicted, including properties located at 4861 Farm-to-Market 879, Palmer; 4475 Farm-to-Market 879, Palmer; 4782 Farm-to-Market 879; 157 Black Jack Road, Ennis; 1928 Helen Lane, Lewisville; 4310 N. Highway 47 (west side), Custer, Mont.

The case is being investigated by the FBI, with Assistant U.S. Attorney Stephen P. Fahey in charge of the prosecution.