CrimeDivas

Female White-Collar Crime Divas-Mordern Day Thieves

Bank Executive Charged!

Today’s CrimeDivas, KAYLA BERGSTORM, 46, of Polo, IL was First Vice-President of First State Bank has been charged by a federal grand jury for embezzling $59,000 from 2010-2014. I researched the average pay for these positions and the earnings ranged from $150,000 up to millions depending on which company you worked for. This is damn crazy and hearing this is insulting. You, like me- may think, ‘what the hell was she thinking’? That is the whole point of this blog- ARE YOU THINKING!

Nonetheless, according to records Ms. Bergstorm  embezzled these funds by creating cash advance tickets for the bank’s correspondent account at US Bank and crediting the amounts of cash advance tickets to her personal account and the business account for her husband’s automobile repair business. [Okay, let’s pause right here. This is where her husband, unbeknown to him, may have been charged as a co-conspirator. According to the conspiracy law, you do not have to know nor agreed to be a part of a conspiracy to be charged with the conspiracy.] Ms. Bergstrom then concealed her actions by manually cutting and pasting false account balances on the statements.

Can you imagine all this trouble for $59,000. $59,000 will not cover the cost of hiring an attorney, lost job, lost respect, imprisonment, and being labelled a criminal for life. Yes, this is the price- for crossing the line. Let’s  focus on the point of this blog – here’s a professonal and obviously educated woman committing a crime-a money crime. Is there an underlying problem occurring here? Ms. Bergstrom and her husband were earning far more then the $59,000 over a 4 year period. Is this about greed, or as the question pose, is there another issue at play here?

Though Ms. Bergstrom has since repaid the funds to First State Bank.  If convicted, the court must impose a reasonable sentence under federal sentencing statutes and the advisory United States Sentencing Guidelines. Usually in these cases when the funds have been paid back the court is more receptive toward a light sentence.

Embezzlement carries a maximum potential penalty of up to 30 years in prison, up to 5 years of supervised release following imprisonment, and a fine of up to $1,000,000. The public is reminded that an indictment is only a charge and is not evidence of guilt.  The defendant is presumed innocent and is entitled to a fair trial at which the government has the burden of proving guilt beyond a reasonable doubt.

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