Wisconsin Banking Update
Providing banking news in Wisconsin that Wisconsin Bankers can use. Keep on top of all the banking issues that are affecting Wisconsin in one place. If you would like to receive these updates by email please subscribe by entering your email address on the right. There is no cost and no obligation.
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Koss Corp. Sues Park Bank Over Embezzlement
Posted on February 11th, 2011 No commentsKoss Corp. is now suing Park Bank in Milwaukee, plus other banks, an audit firm and a credit card company for failing to detect a chunk of former Koss executive Sujata Sachdeva’s $34 million embezzlement, according to The Business Journal of Milwaukee. -
Manson Insurance Investigation Continues
Posted on January 10th, 2011 No commentsThe FBI is continuing to investigate former Manson Insurance executives for federal insurance embezzlement, mail fraud and bank fraud. No charges have been filed, but according to FBI records, suspects include former Manson Insurance owner David Scholfield and the agency’s former president, Tim Mathwich. River Valley Bank in Wausau bought Manson’s customer list in April 2009 and changed the name of the company in late 2010 to River Valley Insurance. Read the Wausau Daily Herald article. -
Ex-Banker Pleads Guity to Embezzling
Posted on December 17th, 2010 No commentsA Menomonie, Wis., woman pleaded guilty in U.S. District Court embezzling approximately $28,000 from her former employer, Bremer Bank in Eau Galle, Wis., WQOW-Channel 18 news in Eau Claire reported. -
Plea Deal Reached in Embezzlement Case
Posted on July 27th, 2010 No commentsKenneth Hamberger of Green Bay, who worked for Citizens Community Bank in Eau Claire for 15 years, has reached a plea agreement on charges of embezzling $22,000 from his former employer, according to WQOW Channel 18 in Eau Claire. -
Necedah Bank VP Admits Taking Money
Posted on February 24th, 2010 No commentsFormer Necedah Bank vice president, Margaret L. Hajdas, 39, of Necedah, admitted in federal court to misapplying bank funds totaling $33,400 between September 2005 and Nov. 24, 2008. Hajdas, who is a citizen of Poland, would have been subject to deportation if convicted of embezzling, the Juneau County Star-Times reported.
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Bank Employee Charged With Embezzling
Posted on January 20th, 2010 No commentsKenneth Hamberger, 47, a 15-year employee of Citizens Community Federal Bank, is charged with stealing about $22,000 from the institution over two years, according to WEAU-TV Channel 13 in Eau Claire.