Fmr. Bank Manager Admits Stealing $80K From Bank

MINNEAPOLIS (WCCO) — The former vice president and branch manager of Star Bank in Bertha, Minn. admitted in federal court Monday to stealing $80,000 from the bank.

Kenneth Marlyn Ashbaugh, 67, pleaded guilty to one count of bank theft in St. Paul.

Ashbaugh was charged Jan. 27.

According to his plea agreement, he admitted stealing the money from the bank from Sept. 1, 2010 to June 1, 2011. He also admitted to fraudulently obtaining loans from the bank.

Ashbaugh faces a possible maximum penalty of 10 years in prison.


One Comment

  1. Deep Thinker says:

    What is so sad is that $80,000 doesn’t even seem like it deserves news time because of the millions & billions stole by the Denny Heckers, Bernie Madoffs, etc……………at least this guy owned up to it instead of fighting it & sticking the tax payers with the bill. (of course we will be picking up his prison costs, so I guess it’s not much of a win for anyone)

  2. Cindy says:

    $80,000 in a small town like Bertha is a big deal. Gas station and 2 bars… I’llbet he was the town big shot for a while. What a jerk….

    1. nina says:

      I knew Ken, very nice guy, not the town big shot. i heard he had a gambling problem. only what i heard. but its now resson to steal

  3. Veteran says:

    LOL, Ben Bernanke , Tim Geihtner and Henry Paulson stole trillions. This guy is a lightweight

  4. Luna says:

    He could face 10 years in prison. A poor person would get the 10 years for stealing 80,000 dollars. He is a banker so he will be asked politely to return the money he stole and pay a 50 dollar fine.

    1. nina says:

      Banker in Betha don’t make millions, he won’t have $80,000 to pay back even if he sold his house

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