Watching Washburn Wait

Will Dana Washburn ever go to prison?

The Rogers woman who admitted defrauding IberiaBank Corp. out of $3.6 million by putting up phony collateral was originally supposed to report to Carswell Federal Correctional Institution near Fort Worth, Texas, on the last day of February.

But the four generous months  U.S. District Judge Leon Holmes gave Washburn to get her affairs in order — including surgery for bladder incontinence so severe her lawyer argued for home detention rather than prison time — apparently wasn’t enough.

After reviewing a motion filed under seal, Holmes gave Washburn “for good cause shown” until May 9 to begin serving her 41-month sentence.

“Failure to report by that date will result in a warrant being issued for the immediate transportation to the institution designated,” Holmes’ order says.

So here’s the timeline: IberiaBank announced in January 2009 it had been defrauded by a customer, and Washburn pleaded guilty and agreed to full restitution the following May.

Her health problems were cited in repeated requests for delays in her sentencing, which finally happened last October — 17 months and at least three Mexican vacations after she admitted her crime.

Her current deadline for incarceration is almost exactly two years after her guilty plea.

Then we can start asking another question:

Will Dana Washburn, who has been earning about $200,000 a year from her job as an executive headhunter for the Cameron Smith & Associates firm in Rogers, ever start paying restitution?

There’s no indication in court records that she has paid a single penny to IberiaBank in the two years since she agreed to repay the money she stole.