Thief River Falls bank officer charged with embezzling nearly $400,000
MINNEAPOLIS -- A former bank officer in Thief River Falls is facing a federal embezzlement charge after she allegedly stole nearly $400,000 from the bank.
Vicki Lynn Torgerson, 48, was charged last week in U.S. District Court in Minneapolis with embezzlement by a bank officer.
Torgerson, who was a commercial loan officer with Northern State Bank at the time, allegedly took $396,480 in funds from ATMs and back-up cassettes to those ATMs over a period of nearly eight years, between July 2005 and March 2013, according to an informational charge filed by Assistant U.S. Attorney John Kokkinen.
Torgerson, who is free on bond, is scheduled to appear in federal court in Minneapolis on Nov. 14 to enter a guilty plea, according to Jeanne Cooney, community relations director with the U.S. Attorney’s Office.
Formal sentencing will occur within 90 days of the plea. The maximum penalty is 30 years in federal prison.
Torgerson was charged under an informational charging document, one in which the offender and the U.S. Attorney’s Office come to an agreement as to what the charge should be, according to Cooney.