Branch Manager Stole $337,000 Through Members’ Identities

Published February 12, 2008, 9:14 p.m. EST

Updated August 27, 2020, 1:24 a.m. EDT

1 Min Read

SIOUX CITY, Iowa – A former branch manager for Advantage One CU yesterday was sentenced to more than two years in prison for stealing $362,000 from member accounts by using members’ names and identities to obtain loans and credit cards.

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Robin Andersen, 44, pleaded guilty to four counts of bank fraud and two counts of money laundering and was sentenced to 27 months in federal prison and ordered to pay $337,000 in restitution. There is no parole in the federal system.

Andersen confessed to the scheme and to cooking the books to hide the money.

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