CEDAR RAPIDS – A woman who embezzled nearly $70,000 from a Mason City bank pled guilty Friday in federal court in Cedar Rapids.
Margaret Marie (Peggy) Sheese, age 53, from Mason City, Iowa, was convicted of one count of embezzlement by a bank employee.
In a plea agreement, Sheese admitted that, between about October 2011 and January 2013, she stole $69,200 from Northwood State Bank in Mason City. At the time, Sheese was a teller at the bank. Sheese admitted making twenty-nine secret withdrawals from accounts belonging to a particular bank customer. Sheese altered the bank’s records to falsely show that the bank customer’s mailing address had changed to a Post Office Box under Sheese’s control. By changing the mailing address, Sheese caused the bank to send the customer’s account statements to Sheese rather than to the customer.
Sheese also admitted that, on January 15, 2013, she stole $2,000 in cash from the bank.
Sentencing before United States District Court Chief Judge Linda R. Reade will be set after a presentence report is prepared. Sheese remains free on bond pending sentencing. Sheese faces a possible maximum sentence of thirty years’ imprisonment, a $1,000,000 fine, and five years of supervised release following any imprisonment.
The case is being prosecuted by Assistant United States Attorney Peter Deegan and was investigated by the Mason City Police Department and the Federal Bureau of Investigation.
What she did was against the law, just the same as its against the law to be in possession of marijuana. Get caught doing what she did or for holding a bag of dope and you deserve to go to jail.
Which one deserves to be in jail longer?
@Steal-If you don’t like the laws get them changed but don’t blame the people that are paid to enforce them. You sure sound like someone who has met our sheriff.
She only took money from a bank, the last female bank robber from Mason City only served one year out of a ten year sentence. Use drugs and spend ten to life in prison.
She’ll get nothing for punishment at all, she’ll walk. Thank God she didn’t have cancer and get caught with a joint or Pals and Hepperly would have had her arse in a sling.
Nailed that one