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Rechtzigel gets 24-month sentence for embezzlement

January 17, 2013

MINNEAPOLIS — A former employee who pleaded guilty to embezzling money from Minnwest Bank over a period of more than 12 years was sentenced in federal court, the U.S. Department of Justice said....

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(47)

patriot78

Feb-05-13 9:47 AM

Inmate Locator - Locate Federal inmates from 1982 to present Name Register # Age-Race-Sex Release Date Location 1. BARBARA KAYE RECHTZIGEL 16606-041 48-White-F UNKNOWN IN TRANSIT Bye bye Barbie....too bad the judge didn't give you just 16 months as you requested, that you thought you deserved, because of all your charitable works and lack of a criminal record......unfreakingbelieveable.....he must have had to suppress his laughter.. Who or what created your feelings of entitlement...?

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rangeral

Jan-22-13 12:08 PM

Good summary, blackbox.

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blackbox

Jan-21-13 11:42 PM

One more final FINAL comment... I'm not "Barbie the Thief" either. (Just someone offering an objective opinion.)

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blackbox

Jan-21-13 11:17 PM

rangeral -- we are on the same page. Do you argue with everyone who AGREES with you? Regardless of the monetary damage her theft has on the bank, it doesn't justify what she did. I agree the sentence was too light. I DO have an understanding of economics and the banking industry. As I've stated below, I do not believe that the bank's customers are going to "pay" for Barb's transgressions. Customer deposits and loans are the lifeblood of the business. The most damage will come from customers pulling their deposits and loans from the bank because of what she did. But when people post comments on public forums that the bank has lost $1MM and insinuate that the bank is going to let employees go as a result of this (which is just not true) it only compounds the damage Barb has already done to the bank's reputation. Get it? That's my final comment -- feel free to post your final comment, and let's all move on.

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rangeral

Jan-21-13 3:42 PM

Look at it this way - the loss could cost at least six jobs - if you were one of the people let go then you would have a better understanding of how economics works.

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blackbox

Jan-21-13 2:18 PM

Lol.... If I made upwards of $5MM like the bank did (check their statements online), I'd probably be able to get by with $4.9MM instead.

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rangeral

Jan-21-13 9:47 AM

blackbox - send $100 k to the charity of your choice and then tell me it has no effect on your living standard.

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blackbox

Jan-21-13 12:46 AM

rangeral - the deductible is still a far cry from $1MM. It won't affect customers. Just illustrates my point that bank employees will have to explain that over and over. They're the ones who'll have to clean this mess up. "Peace out!" :)

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rangeral

Jan-20-13 8:11 AM

blackbox - every insurance plan has a deductible, so yes the bank will be stuck with a sign9f9cant loss.

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blackbox

Jan-19-13 11:39 PM

Banks carry insurance that covers employee theft, just as most businesses do. The bank will NOT have to pass this cost onto customers, whether she pays the restitution or not. The real damage to the bank will be in the reputation of the hardworking, honest employees that still work there. Banks have dual control policies in place to prevent insider fraud -- which tells me she had to take advantage of the fact that her co-workers trusted her... for 12+ years. That's the most disturbing part of this, especially after she had spending problems long before this and had been bailed out before. We all make mistakes, but it's how we address them that defines our character. She admitted her guilt, but only after getting caught. If only she had put the shovel down after getting bailed out the first time, she wouldn't have dug herself into such a huge hole. Very sad for everyone involved.

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blackbox

Jan-19-13 11:19 PM

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rangeral

Jan-19-13 10:25 PM

Yes it is Barbie the thief and she has committed a number of felonies. Just how are you related to her, farmgirl?

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farmgirl07

Jan-19-13 7:34 PM

This is not "Barbie the thief". Good grief! This site is the biggest drama fest, everything people comment on is nuts and a waste! Peace out!

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blackbox

Jan-19-13 7:06 PM

She only admitted her "mistake" AFTER she got caught. The question is, would she still be working (stealing?) at the bank if she hadn't been caught? Or would that "weight" she'd been "carrying on her shoulders" been lifted by confession due to a guilty conscience? After 12+ years?

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patriot78

Jan-19-13 2:35 PM

Hey Farmgirl, Aren't you passing judgement on me you hypocrite? Anyone else thinking what I'm thinking....that Farmgirl is AKA Barbie the thief? Tell you what, once Barbie gets released from Federal Prison in.....let's see.....2015 maybe you can hire her to be your personal banker. Forgiveness, don't ya know....

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rangeral

Jan-19-13 1:48 PM

farmgirl - this isn't "a mistake" - this is a crime that continued for 12 years and the only beneficiary was the crook. You make it sound like she's really a saint with a bum rap.

She's getting off easy.

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farmgirl07

Jan-19-13 9:58 AM

Deputy sheriff of the forum? Boy that's a new one! I would rather be a sheriff, then a passing judgement, citizen with an open sore against our judicial system and people who make mistakes and admit them. Dig deep in your cold perfect heart and realize that humans make mistakes. Opinions are great but judgements aren't. I believe in forgiveness, you should try it, it's very calming to not judge every human that makes a mistake, I'm sure your blood pressure would thank you!

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MrBlueSky

Jan-19-13 8:42 AM

How is it that you can smile,and conduct banking business daily knowing that you've been stealing from the company you worked for,for along time.I think that it would take a very cold hearted individual to pull this off over that much time and still continue on acting as if there world is a wonderful place takes nerves of steel I guess

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patriot78

Jan-19-13 3:16 AM

Farmgirl...I don't know who appointed you deputy sheriff Barney Fife of this forum, we have freedom of speech in this country by the way...so get over yourself....and Notastone...very rational thoughts communicated....Let's all agree....to disagree...this is just a case of a person, in a trusted position, stealing over many years..from the innocent...living a life of the rich...who may or may not pay it back in the future....bottom line...the message sent out....crime pays.....don't go into a bank with a gun....you will serve a lot of time...be an insider...in a trusted position....slap on the wrist....and you'll have a bunch of idiots that feel sorry for you online....1 million in shopping debts? In 12 years? Have the feds been IQ Tested? Of course not...look at the current state of our government....

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farmgirl07

Jan-18-13 4:57 PM

Thank you "notastonethrower" for your comment. It was needed on this thread of comments. If you don't know the facts, then keep your mouth shut!

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rangeral

Jan-18-13 4:24 PM

monkeyman - where did the bank get the free money?

Once she finishes her prison term, she will never be put back in prison for not paying the restitution. We no longer have a debtor prison system in this country. So whatever is not seized and sold is hers and there is no way to get at it. The Feds will seize and sell as much as they can. The husband will get to "participate" if they signed joint tax returns during the 12 year period.

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notastonethrower

Jan-18-13 3:55 PM

Wow, It really is quite interesting to read all the comments posted here, many of them ignorant and half truths. I happen to know Ken and Barb well, and DO know many of the facts. 1st, and this will mean nothing to many of you stonethrowers, but she IS very sorry and will pay for this financially and emotionally the rest of her life. And she is the 1ST ONE to tell you she deserves that, and whatever the judge would have ruled. As Mitch17 mentioned she was tried through our US legal system. If you don't like the ruling, write your lawmakers. Julie Larson...I hope that is not your real name, as you are bordering on slander. The camper you are referring to has a loan against it, and the Brauhaus was NOT purchased with a dime of this money. Ken has 2 loans with Lucan bank, both a mortgage and operating loan. He is the owner of the Brauhaus as a single member LLC, and always has been. The Feds have already checked all of this out and know it as fact. Grow up perfect people!

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monkeyman5

Jan-18-13 3:01 PM

Julie- yes, she stole the money from customers but the bank paid them back in full so as it stands, they didn't lose anything. The bank is out over $1 million which is why the restitution is owed. As Patriot brought up, in order to pay they may have to liquidate the assets that were bought with the stolen money. The ill-gotten assets would be lost, as they should be, or she'll go back to jail for non-payment.

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farmgirl07

Jan-18-13 2:31 PM

Sounds like a lot of ASSUMING on here. Maybe you should just let the people that it directly affected worry about it and then you all can get on with your daily lives! And if you're going to connect a town to a person like that, you're just being plain disrespectful. GROW UP. The town didn't do anything and doesn't control a website.

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patriot78

Jan-18-13 1:46 PM

56- It may be because I've spent over 30 years in the banking industry that gives me the opinions I share. This case infuriates me. If this crook would've had a jury of her peers judging her and handing down a sentence...she'd have gotten a more realistic sentence. Unless they are going to sell all their assets and liquidate...don't see how it's humanly possible. You figure if she has 20 more working years left....she'd have to fork over $50,000 a year for the next 20 years....good luck with that...pipe dream...

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