Ex-Minn. Bank Employee Sentenced For Embezzling

MINNEAPOLIS (AP) — A former bank employee will have to pay $1 million restitution for embezzling from customers of the Marshall bank where she worked.

Forty-eight-year-old Barbara Kaye Rechtzigel of Belview also was sentenced Wednesday in federal court to two years in prison.

Rechtzigel pleaded guilty in August to one count of embezzlement by a bank officer. She worked as senior operations manager at Minnwest Bank until she was fired in June.

In a plea agreement, she admitted embezzling money by creating false paperwork to make customers believe their CDs were renewed and earning interest, when she was actually taking the money.

The bank reimbursed customers more than $1 million.

(© Copyright 2013 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)


One Comment

Leave a Reply

Fill in your details below or click an icon to log in:

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

More From WCCO | CBS Minnesota

Good Question

Listen Live