U.S. District Judge Lawrence L. Piersol has sentenced a Brandon, South Dakota, man convicted of Bank Embezzlement.
Cade Richard Weeldreyer, age 31, was sentenced to one day in federal prison, four years of supervised release, a special assessment to the Federal Crime Victims Fund in the amount of $100, $1,000 fine, and restitution in the amount of $21,619 to One American Bank.
Weeldreyer was indicted by a federal grand jury in March of 2024. He pleaded guilty on September 18, 2024.
The conviction stemmed from an incident on April 21, 2023, when Weeldreyer, while being employed as a branch manager of One American Bank, embezzled $21,619 from the bank. Weeldreyer took the mutilated currency from the bank’s vault and instead of following the bank’s procedures for handling the currency, kept it for himself and used it for his own purposes.
This case was investigated by the FBI, the Sioux Falls Police Department, the U.S. Secret Service, and the U.S. Postal Inspection Service. Assistant U.S. Attorney Ann M. Hoffman prosecuted the case.
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