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Mason City Woman Faces Prison After Embezzlement
CEDAR RAPIDS, Iowa (AP) -- A 53-year-old Mason City woman faces up to 30 years in prison after pleading guilty to embezzling nearly $70,000 from the bank where she worked.
Officials say Margaret Marie "Peggy" Sheese pleaded guilty Friday in federal court in Cedar Rapids to one count of embezzlement.
In a plea agreement, Sheese admitted to stealing $69,200 from Northwood State Bank in Mason City between about October 2011 and January while she was a teller at the bank.
Authorities say Sheese made 29 secret withdrawals from accounts belonging to a particular bank customer. Officials say she altered the bank's records so that the customer's bank statements were sent to a post office box belonging to Sheese.
Sheese also stole $2,000 in cash from the bank in January.
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