Tuesday, July 24, 2012

Belview Woman Charged with Embezzling Hundreds of Thousands from Minnwest Bank

Yesterday federal criminal charges were filed against a 47-year-old woman from the southwestern Minnesota community of Belview. Barbara Kaye Rechtzigel was charged with one count of embezzlement by a bank officer for allegedly stealing hundreds of thousands of dollars from the CD accounts of customers at Minnwest Bank, located in Marshall, Minnesota, where she worked.

The charges were filed via an information, which states that from 1998 through June of 2012, Rechtzigel embezzled the money for her personal use.

If convicted, Rechtzigel faces a potential maximum penalty of 30 years in prison. All sentences will be determined by a federal district court judge. This case is the result of an investigation by the Federal Bureau of Investigation and the Marshall Police Department, with assistance from the Federal Deposit Insurance Corporation-Office of Inspector General. It is being prosecuted by Assistant United States Attorney William J. Otteson.

A defendant, of course, is presumed innocent until he or she pleads guilty or is proven guilty at trial.

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