Viroqua Woman Sentenced for Bank Embezzlement
April 10, 2017 / Source: FDIC Office of Inspector General
FOR IMMEDIATE RELEASE
April 3, 2017
MADISON, WIS.—Jeffrey M. Anderson, Acting United States Attorney for the Western District of Wisconsin, announced that Kimberly Redders, 53, Viroqua, Wis., was sentenced today by U.S. District Judge William M. Conley to time-served, plus two-years of supervised release, for bank embezzlement. Redders was also ordered to pay a $2,500 fine. Redders pleaded guilty to the offense on January 6, 2017.
Redders began working at Union Bank & Trust in Evansville, Wis., in 1996. She was promoted to head teller in 2000, and became responsible for counting the cash deposits. In December 2015, an audit revealed a significant shortage of cash on hand. A full cash audit was conducted on January 15, 2016. During that audit, Redders came forward and admitted that she had embezzled over $200,000 from the bank since 2000.
In choosing a non-custodial sentence, Judge Conley noted the unique nature of the case. He noted that Redders stopped stealing from the bank after her son’s death in September 2012, that she had voluntarily stepped forward and taken responsibility for the cash shortage during the audit, and that she reimbursed the bank in full for the embezzled funds prior to being charged.
The charge against Redders was the result of an investigation conducted by the Federal Deposit Insurance Corporation, Office of Inspector General, and the Federal Reserve. The prosecution of the case has been handled by Assistant U.S. Attorney Meredith Duchemin.