Embezzler Pleads Guilty 18 Apr 12

A former Mankato banker has pleaded guilty to embezzling upwards of $120,000 in customer funds for her personal use. 65-year-old Carolyn Faye Hampel of Jackson entered the guilty plea in federal court on Tuesday. She was the retail operations officer for the United Prairie Bank in Mankato when the alleged embezzlement occurred from January of 2005 through August of 2011. In court on Tuesday she admitted to using the stolen funds for purchasing personal items, as well as for paying down a loan for a family member. Hampel could now be forced to turn over the property she acquired with the stolen money, and the government may also require that she forfeit other property and assets to cover the losses. Hampel’s sentence will be determined during a future court hearing that has yet to be set.