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Former bank official admits embezzling $540,000

Former bank official admits embezzling $540,000

February 28th, 2012 in News

A former employee of Jefferson Bank pleaded guilty in federal court today to embezzling more than $540,000 from the bank and another employer and to tax fraud.

Kelley Lee Steiner, 52, Jefferson City, waived her right to a grand jury and pleaded guilty before U.S. Magistrate Judge Matt J. Whitworth to the charges contained in a federal information.

Steiner was employed by Jefferson Bank as vice president and secretary to the board of directors from June 14, 1999, to Nov. 12, 2008.

Steiner served as personal executive assistant to former bank president Harold W. Westhues.

By pleading guilty today, Steiner admitted she embezzled a total of $487,199 from both the bank and from Westhues' personal checking account.

Steiner also admitted she embezzled $54,000 while employed at Modern Business Systems.