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Press Release

Manchester Woman Sentenced to Twenty-One Months’ Imprisonment for Embezzling More than $120,000

For Immediate Release
U.S. Attorney's Office, Northern District of Iowa

A woman who embezzled more than $120,000 from the bank where she worked was sentenced to twenty-one months in federal prison.

Ann M. Sperfslage, 55, from Manchester, received the prison term after pleading guilty to embezzlement by a bank employee.

At the plea hearing, Sperfslage admitted that, between May 2008 and continuing through August 2010, she embezzled $123,180.59 by creating false loan documents, withdrawing bank funds in accordance with the false documents, and concealing her offense through the temporary misapplication of customer deposits.

Sperfslage was sentenced in Cedar Rapids by United States District Court Chief Judge Linda R. Reade.  She received a sentence of twenty-one months’ imprisonment and was ordered to pay a fine of $5,000.  A special assessment of $100 was also imposed.   

The case was prosecuted by Assistant United States Attorney Jacob Schunk and was investigated by the Federal Bureau of Investigation.

Court file information at  The case file number is 15-CR-2002-LRR.

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Updated June 4, 2015