April 2, 2015

Bank Employee Pleads Guilty to Stealing from Her Former Employer

A woman and former bank employee who stole more than $140,000 from her former employer pled guilty today in federal court in Cedar Rapids.

Teresa Ann Kobriger, age 42, from Iowa Falls, Iowa, was convicted of one count of embezzlement by a bank employee.

In a plea agreement, Kobriger admitted that from December 2008 through December 2012, while employed by the Iowa Falls Sate Bank in a position equivalent to a head teller, she embezzled $144,181.47 from the bank. She admitted that during this time, she stole money from her teller drawer and the bank vault and then altered bank records in order to conceal her thefts.

Sentencing before United States District Court Chief Judge Linda R. Reade will be set after a presentence report is prepared. Kobriger remains free on conditions of release pending sentencing. Kobriger faces a possible maximum sentence of 30 years’ imprisonment, a $1,000,000 fine, a $100 special assessment, and not more than five years of supervised release following any imprisonment.

The case is being prosecuted by Assistant United States Attorney Anthony Moriftt and was investigated by the Federal Bureau of Investigation.