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Former bank executive sentenced

Former bank executive sentenced Click to Enlarge Photo:

Jan 17, 2013 at 8:07 am

MINNEAPOLIS, Minn. (KNSI) 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.

Mike Tanner

Posted By Mike Tanner

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