News and Press Releases

News and Press Releases

Bank teller charged with embezzling money from bank

May 6, 2013

MINNEAPOLIS—Last week in federal court, a 64-year-old woman from the southeastern Minnesota community of Wykoff was charged with embezzling approximately $35,520 from the Security State Bank where she was employed as the head teller. On May 3, 2013, Cheryl Lynn Holzer was charged with one count of bank embezzlement.

Allegedly, between December 2010 and February 2012, Holzer took bundles of cash from the bank’s vault for her personal use. She worked at the bank, located in Wykoff.

If convicted, Holzer faces a potential maximum penalty of 30 years in prison. Any sentence will be determined by a federal district court judge. This case is the result of an investigation by the Federal Bureau of Investigation. It is being prosecuted by Assistant United States Attorney Thomas Calhoun-Lopez.

A defendant, of course, is presumed innocent until he or she pleads guilty or is proven guilty at trial.

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