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Bank Teller Sentenced for Embezzlement
A Sioux Falls woman was sentenced for embezzlement of bank funds after she was caught making unauthorized withdrawals from customer accounts.
Andrea Schwartz, 23, was sentenced to time served and two years of supervised release, including 50 hours of community service. She was also fined $500 and ordered to make restitution of $7,720.
Schwartz was employed as a teller at Home Federal Bank in Sioux Falls when she committed the crimes. According to court records, she made several withdrawals from customers’ accounts under the pretense that the customers had authorized the withdrawals over the phone.
Customers had not authorized the withdrawals, and the money was taken for Schwartz’s own benefit. The scheme was uncovered by the Federal Bureau of Investigation, which investigated the case.
Schwartz was indicted by a federal grand jury on May 8, 2013, and pled guilty to the offense on August 12, 2013. The case was prosecuted by Assistant U.S. Attorney Ann M. Hendrickson.
The conviction is a reminder that embezzlement is a serious crime that can have serious consequences. Schwartz’s sentence reflects the severity of her crimes and the need for her to make amends to the victims.
The incident serves as a warning to banks and financial institutions to be vigilant in preventing embezzlement and to take swift action when suspicious activity is detected.
Key Facts
- State: South Dakota
- Category: White Collar Crime|Fraud & Financial Crimes
- Source: DOJ Press Release â†â€â€
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