Former Northwest Bank employee pleads guilty of stealing nearly $1 million

Stacy Ahlgren of Ludington has agreed to plea guilty in federal court to charges that she allegedly stole nearly $1 million from Northwestern Bank, WOOD TV Grand Rapids is reporting.

Ahlgren was the senior customer service representative for the two Ludington branches of the bank. In a plea agreement with federal prosecutors, she admitted she stole $873,589.76 from the bank between 2006 and 2011. She also goes by the name Stacy Kimbler.

WOOD TV reported Ahlgren was the only person allowed to remove money from the vault and the one responsible for cash logs and vault drawer receipts.

Beginning in 2006, she began to take money from her till and the vault, and either took the cash home or deposited it into her own accounts, authorities said. In 2006, she took more than $140,000, a number that grew each year topping out at $188,591 in 2011.
Ahlgren admitted she would falsify bank documents in order to hide her theft, WOOD reported based on court documents. The federal documents do not state how her embezzlement was discovered.
Ahlgren agreed to plead guilty to one count of embezzlement of an insured bank. She could be sentenced to up to 30 years in prison, though the actual sentence will likely be lower. No date has been set for her to appear and officially enter the plea