A Mason City woman has admitted to stealing money from the clients at the brokerage firm where she worked. Forty-two-year-old Teresa Dorenkamp pled guilty to one count of wire fraud and one count of aggravated identity theft in federal court in Cedar Rapids.
Dorenkamp admitted to fraudulently obtaining money from clients and then depositing it into her own bank account and her husband’s account. She also said she forged the name of a client to complete one transaction. Dorenkamp admitted to a total transfer of $391,725 in a four-year period.
A sentencing date has not yet been set.