Martin Woman Indicted for Larceny and Embezzlement

RAPID CITY - United States Attorney Alison J. Ramsdell announced that a federal grand jury has indicted a Martin, South Dakota, woman for Larceny and Embezzlement and Theft from an Indian Tribal Organization.

Madonna Peterson, age 57, was indicted in February of 2023. She appeared before U.S. Magistrate Judge Daneta Wollman on March 8, 2023, and pleaded not guilty to the Indictment.

The maximum penalty upon conviction is up to 10 years in custody and/or a $250,000 fine, three years of supervised release, and $100 to the Federal Crime Victims Fund. Restitution may also be ordered.

Between January of 2017 and July of 2021, Peterson stole more than $100,000 from her employer.

The charge is merely an accusation and Peterson is presumed innocent until and unless proven guilty. 

The investigation is being conducted by the FBI. Assistant U.S. Attorney Benjamin Patterson is prosecuting the case. 

Peterson was released on bond pending trial. A trial date has not been scheduled.