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Justice News

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

Tuesday, April 24, 2018

West Des Moines Man Sentenced to Prison for Bank Embezzlement

DES MOINES, Iowa – On Friday, April 20, 2018, United States District Judge Stephanie M. Rose sentenced Brian M. Madison, of West Des Moines to 18 months in prison for bank embezzlement, announced United States Attorney Marc Krickbaum. Madison was ordered to pay $259,000 in restitution, serve five years of supervised release following his prison term, and pay $100 to the Crime Victims’ Fund.

Madison stole $259,000 from his employer, TruBank. The fraud was detected as a result of a cash audit at the bank due to a corporate merger. Madison embezzled $259,000 between September 2011 and March 2016 by moving cash from the teller drawer he used, into an unmonitored teller drawer. Madison modified cash count sheets to intentionally omit the unmonitored teller drawer, so those conducting routine cash counts would not have known to look for the money.

This case was investigated by the Federal Bureau of Investigation and prosecuted by the United States Attorney’s Office for the Southern District of Iowa.

Financial Fraud
Rachel J. Scherle 515-473-9300
Updated April 24, 2018