An eastern Iowa bank officer has been charged with embezzling nearly $560,000. Forty-two-year-old Steven Francis Sueppel was a vice president and controller at Hills Bank and Trust in the Iowa City area. He’s charged with one count of embezzlement of bank funds and six counts of money laundering to conceal that he’d embezzled the funds.

Evidence presented in the prosecution’s case suggests his first shifty transaction occurred on July 26 of 2000 and continued through September of last year. According to a statement from the U.S. Attorney’s office, no customer accounts in the bank were "impacted" by the thefts.

The F.B.I. was involved in the investigation and the former bank v.p. is to be tried in federal court.