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Former Bank VP Accused of Embezzling $559,000

By Becky Ogann

Story Created: Feb 12, 2008 at 6:27 PM CST

Story Updated: Mar 24, 2008 at 2:26 PM CST

DES MOINES (AP) - A former bank vice president in eastern Iowa has been charged with embezzling about $559,000 from his employer.

Steven Sueppel, 42, of Johnson County was indicted by a federal grand jury in Davenport with one count of embezzlement and six counts of money laundering.

According to the U.S. attorney's office, Sueppel is accused of taking the funds from Hills Bank & Trust in Johnson County from 2000 to 2007. Officials say no customer accounts were affected by the thefts.

Sueppel's case went to the grand jury after investigations by the FBI and the Johnson County sheriff's office.

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