Sections

Weather Forecast

Close
Advertisement

Bertha bank manager embezzles $80,000 from Star Bank

Email Sign up for Breaking News Alerts

region Park Rapids, 56470

Park Rapids Minnesota PO Box 111 56470

MINNEAPOLIS--Yesterday in federal court in St. Paul, the former vice president and

branch manager of the Star Bank in Bertha, Minnesota, admitted to stealing $80,000 from the

Advertisement
Advertisement

bank. Kenneth Marlyn Ashbaugh, age 67, of Bertha, pleaded guilty to one count of bank theft.

Ashbaugh, who was charged on January 27, 2012, entered his plea before United States District

Court Judge Donovan W. Frank.

In his plea agreement, Ashbaugh admitted that from September 1, 2010, through June 1,

2011, he stole approximately $80,000 from the bank. In addition, Ashbaugh admitted that

during the same period, he fraudulently obtained loans from the bank by misrepresenting either

the identity of the individual applying for the loan or the applicant's ability to repay the loan.

For his crime, Ashbaugh faces a potential maximum penalty of ten years in prison. Judge

Frank will determine his sentence at a future hearing. This case is the result of an investigation

by the Federal Bureau of Investigation and the Todd County Sheriff's Office. It is being

prosecuted by Assistant U.S. Attorney Kimberly A. Svendsen.

Advertisement
Advertisement
Advertisement