MN Woman Admits to Embezzling $400K from Allianz
A former employee of Minneapolis-based Allianz Life Insurance Company on Monday pleaded guilty to embezzling roughly $400,000 from her employer over the course of two years, Minnesota's U.S. Attorney's office said on Tuesday.
Kimberly Dana Swenson, a 38-year-old woman from Shoreview, worked as a client services specialist for Allianz Life from 2002 through 2010. In her plea agreement, she admitted to embezzling funds from the company from 2008 through 2010.
Swenson pleaded guilty to one count of mail fraud. She was charged for her crime on March 11 by U.S. Attorney Joseph Dixon.
The charge, which provided very few details regarding the fraud, states only that Swenson “knowingly and intentionally created, devised, executed, and attempted to execute a scheme and artifice to defraud, and to obtain money and other things of value, by means of materially false and misleading statements and representations by which she was able to embezzle approximately $400,000 from her employer and other accounts.”
For example, in November 2008, she allegedly issued an unauthorized $20,000 check drawn from a client's bank account to be mailed to her home. The charge requests that Swenson be required to forfeit any proceeds traceable to the fraud.
Swenson faces up to 20 years in prison for the crime. She will be sentenced before U.S. District Court Judge David S. Doty at a hearing that has not yet been scheduled.