Bank teller pleads guilty to
embezzling money from bank
Tuesday, June 04, 2013 3:28 AM
A 64-year-old woman from Wykoff pleaded guilty in federal court last week to embezzling approximately $35,520 from Security State Bank, where she was employed as the head teller.
Cheryl Lynn Holzer pleaded guilty to one count of bank embezzlement. Holzer, who was charged on May 3, 2013, entered her plea before United States District Court Judge David S. Doty.
In her plea agreement, Holzer admitted that between December 2010 and February 2012, she took bundles of cash from the bank's vault for her personal use, primarily to pay her mortgage and other bills. She worked at the bank, located in Wykoff.
For her crime, Holzer faces a potential maximum penalty of 30 years in prison. Judge Doty will determine her sentence at a future hearing, yet to be scheduled. This case is the result of an investigation by the Federal Bureau of Investigation. It is being prosecuted by Assistant U.S. Attorney Thomas Calhoun-Lopez.