CEDAR RAPIDS – Teresa Dorenkamp, 42, from Mason City, Iowa, has been charged with one count of wire fraud and one count of aggravated identity theft. The charges are contained in an Information filed today in United States District Court in Cedar Rapids.
The Information alleges that, on or about June 3, 2011, Dorenkamp, who was employed by a financial brokerage in Mason City, knowingly and fraudulently caused the wire transfer of $36,139.60 from another’s investment account into Dorenkamp’s personal bank account. The Information further alleges that, without authority, Dorenkamp used the name and forged the signature of another person in order to cause the wire transfer into her own bank account.
If convicted on all charges, Dorenkamp faces a mandatory minimum sentence of 2 years’ imprisonment and a possible maximum sentence of 22 years’ imprisonment, a $500,000 fine, $200 in special assessments, and 4 years of supervised release following any imprisonment.
Dorenkamp’s first appearance in federal court in Cedar Rapids for an arraignment and plea hearing is set for August 26, 2013.
As with any criminal case, a charge is merely an accusation and a defendant is presumed innocent until and unless proven guilty.
The case is being prosecuted by Assistant United States Attorney Anthony Morfitt and was investigated by the Federal Bureau of Investigation and the Mason City Police Department.