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Justice News

Department of Justice
U.S. Attorney’s Office
Northern District of Iowa

Monday, July 6, 2015

Former Bank Employee Sentenced to 21 Months’ in Federal Prison for Embezzlement

A former employee of Iowa Falls State Bank in Iowa Falls, Iowa, who embezzled $144,181.47 from the bank, was sentenced on July 2, 2015, to federal prison.

Teresa Ann Kobriger, age 42, from Iowa Falls, Iowa, received the prison term after an April 1, 2015, guilty plea to one count of embezzlement by a bank employee.

In a plea agreement, Kobriger admitted that from December 2008 through December 2012, while employed by the Iowa Falls Sate Bank in a position equivalent to a head teller, she embezzled $144,181.47 from the bank.  Kobreger admitted that during this time, she stole money from her teller drawer and the bank vault and then altered bank records in order to conceal her thefts.

Kobriger was sentenced in Cedar Rapids by United States District Court Chief Judge Linda R. Reade.  Kobriger was sentenced to 21 months’ imprisonment.  A special assessment of $100 was imposed, and she was ordered to make $ 181,393.63 in restitution.  She must also serve a five-year term of supervised release after the prison term.  There is no parole in the federal system.

Kobriger was released on conditions previously set and is to surrender to the Bureau of Prisons on a date yet to be set.

The case was prosecuted by Assistant United States Attorney Anthony Morfitt and investigated by the Federal Bureau of Investigation and the Iowa Falls Police Department.

Court file information is available at https://ecf.iand.uscourts.gov.  The case file number is 15-CR-00026.

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Updated July 6, 2015