A former bank employee is facing federal embezzlement charges after allegedly taking $69,000 from the bank. Forty-five-year-old Margaret Sheese of Mason City has been charged with one count of embezzlement by a bank employee.
According to documents filed in U.S. District Court for the Northern District of Iowa, Sheese fraudulently withdrew money from Northwood State Bank for her own purposes between October 2011 and January of this year. Sheese is scheduled to appear in federal court in Cedar Rapids on Friday.
By Bob Fisher, KRIB, Mason City