Wednesday, October 21, 2020

Denison woman pleads guilty to embezzlement

A press release from the U.S. Department of Justice yesterday shows that 53 year old Brenda Jensen of Denison, who was convicted of credit union embezzlement pled guilty in federal court in Sioux City to embezzling nearly $1.5 million over several years.

 

In a plea agreement, Jensen confessed that from at least May of 2012 to march of 2018, she embezzled money from Consumer Credit Union in Denison while she was employed there. Jensen and at least one other employee embezzled a total of nearly $1.5 million. Jensen was the credit union's head teller and was responsible for all cash and cash counts at CCU in this timeframe. Jensen was able to conceal the crime in numerous ways, such as overstating the change fund in the credit union's ledger balance, and participating with at least one other employee in issuing and depositing fraudulent checks to cover up the ongoing theft. Jensen also concealed the embezzlement by creating fictitious deposits into her personal accounts at CCU.

 

Sentencing before United States District Court Chief Judge Leonard T. Strand will be set after a presentence report is prepared. Jensen remains free on bond pending sentencing. Jensen faces a possible max sentence of 30 years imprisonment, a $1 million dollar fine, and 5 years supervised release following any imprisonment. The case is being prosecuted by Assistant United States Attorney Ron Timmons and was investigated by the Federal Bureau of Investigation.

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