Rachel J. Knasinski, 33, of West Salem, Illinois, pleaded guilty to bank embezzlement charges brought in an Information filed in United States District Court in Benton, Illinois, on April 22, 2015, Stephen R. Wigginton, United States Attorney for the Southern District of Illinois, announced today.
Knasinski admitted in her guilty plea that from November 2011, to on or about January 9, 2015, in Edwards County, Knasinski, being an employee of The First State Bank of West Salem, a bank whose deposits are insured by the Federal Deposit Insurance Corporation, with intent to injure and defraud The First State Bank of West Salem, did willfully embezzle the sum of over $300,000 of the moneys or funds intrusted to the custody or care of The First State Bank of West Salem.
Knasinski faces a possible penalty of up to 30 years imprisonment, up to $1,000,000 fine, and supervised release of up to 5 years at her sentencing, which has been set for August 4, 2015, in United States District Court in Benton, Illinois.
The investigation in this case was conducted by the Federal Bureau of Investigation.
The case is being handled by Assistant United States Attorney George Norwood.
Source: U.S. Department of Justice, Office of the United States Attorneys
