Mason City Woman Faces up to 30 Years for Embezzlement

Posted at: 08/17/2013 2:28 PM

Photo: mgnonline

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.