Bank Employee Pleads Guilty to Embezzlement

US Attorney Brendan V. Johnson announced that Lona Mahon, age 61, of Sioux Falls, appeared before Chief U.S. District Judge Karen E. Schreier on September 21, 2012, and pled guilty to an indictment that charged her with embezzlement. The maximum penalty upon conviction is 30 years in prison and/or a $1 million fine, plus restitution.

Mahon, who was employed at a Sioux Falls bank, embezzled approximately $23,000 during a two-year period.

The investigation was conducted by the Federal Bureau of Investigation. The case is being prosecuted by Assistant US Attorney John E. Haak.

A presentence investigation was ordered, and a sentencing date was set for December 17, 2012. The defendant was released on bond pending sentencing.