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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