Wykoff, Minnesota woman charged with embezzling from bank

Cheryl Lynn Holzer was charged Friday with one count of bank embezzlement following an investigation by the FBI, according to a news release from a spokesman with the U.S. Attorney-Minnesota.

Holzer allegedly took bundles of cash from the bank’s vault between December 2010 and February 2012.


If convicted, Holzer faces a maximum penalty of 30 years in prison. Any sentence will be determined by a federal district court judge.

A 64-year-old woman from the southeastern Minnesota offered a guilty plea Wednesday to embezzling more than $35,000 from a bank where she worked as the head teller.

Cheryl Lynn Holzer pleaded guilty to one count of bank embezzlement in U.S. District Court in Minneapolis.

In her plea agreement, Holzer admitted that between December 2010 and February 2012, she took bundles of cash from the vault at the Security State Bank in Wykof for her personal use, primarily to pay her mortgage and other bills.

For her crime Holzer faces a potential maximum penalty of 30 years in prison. Judge David Doty will determine her sentence at a later date