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Defendant Admits to Stealing Over $300,000 from West Salem Bank
Rachel J. Knasinski, a 33-year-old resident of West Salem, Illinois, has pleaded guilty to bank embezzlement charges in a federal court in Illinois. The guilty plea was announced by Stephen R. Wigginton, United States Attorney for the Southern District of Illinois, on April 22, 2015.
According to court documents, Knasinski had been employed at The First State Bank of West Salem, a bank with deposits insured by the Federal Deposit Insurance Corporation. Between November 2011 and January 9, 2015, Knasinski allegedly embezzled over $300,000 from the bank with the intent to injure and defraud the institution.
The investigation into Knasinski’s activities was conducted by the Federal Bureau of Investigation. Assistant United States Attorney George Norwood is handling the case.
Knasinski faces a possible penalty of up to 30 years imprisonment, a fine of up to $1,000,000, and supervised release of up to 5 years at her sentencing, which has been set for August 4, 2015, in United States District Court in Benton, Illinois.
The case against Knasinski serves as a reminder of the severity of bank embezzlement and the importance of holding individuals accountable for their actions. The guilty plea is a significant step towards justice for the victims of Knasinski’s crimes.
As the investigation and prosecution of bank embezzlement cases continue, the public can expect to see more cases like Knasinski’s come to light. It is essential for individuals to report any suspicious activity to the authorities to prevent such crimes from occurring in the first place.
The full details of the case against Knasinski will be presented at her sentencing hearing on August 4, 2015. The public is encouraged to attend and show their support for the victims of the crime.
Key Facts
- State: Illinois
- Category: Fraud & Financial Crimes
- Source: DOJ Press Release ↗
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