MINNEAPOLIS (AP) -- A Fairmont woman pleaded guilty to embezzling more than $300,000 from a bank that employed her, the U.S. Attorney's Office said.
Violet Mae Lueth pleaded guilty Friday in U.S. District Court to one count of bank fraud and one count of filing a false tax return. Lueth admitted that between April 1996 and February 2001, she defrauded the State Bank of Fairmont by posting interest payments against loan accounts in amounts less than the payments made by borrowers. She used the embezzled funds for her own personal use, the attorney's office said.
Lueth, 70, also admitted that for the calendar year 1999, she failed to report $64,617 on her federal income tax return.
A sentencing date has not been scheduled.
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