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Former Minnwest Bank employee faces embezzlement charge

July 24, 2012
Marshall Independent

MARSHALL - Federal criminal embezzlement charges have been filed against a 47-year-old Belview woman who was employed at Minnwest Bank in Marshall, the United States Attorney's office said Tuesday.

Barbara Kaye Rechtzigel has been charged with one count of embezzlement by a bank officer for allegedly stealing roughly $1 million from the CD accounts of customers at Minnwest Bank.

Jason Kohlmeyer, Rechtzigel's attorney, told the Independent on Tuesday she intends to plead guilty and has given up her constitutional right to appear before a grand jury.

According to Kohlmeyer, a plea agreement will be entered sometime in the next two to three weeks.

The charges were filed via an Information, which states that from 1998 through June 2012, Rechtzigel embezzled the money for personal use, the U.S. Attorney's Office said.

If convicted, she faces a potential maximum penalty of 30 years in prison.

All sentences will be determined by a federal district court judge.

Kohlmeyer said while there's no excusing Rechtzigel's actions, they're not in the same league with Denny Hecker or Tom Petters. He said Rechtzigel wasn't "living the high life" as Hecker and Petters were known to have.

"She did something she shouldn't have done," Kohlmeyer said. "And she's got some trying times ahead of her, no question about it."

Rechtzigel and her husband are owners of The Brauhaus in Lucan.

This case is the result of an investigation by the Federal Bureau of Investigation and the Marshall Police Department, with assistance from the Federal Deposit Insurance Corporation-Office of Inspector General. It is being prosecuted by Assistant United States Attorney William J. Otteson.



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