FOR IMMEDIATE RELEASE
Friday, November 16, 2007
TRACY A. SCHROEDER SENTENCED IN U.S. DISTRICT COURT
Bill Mercer, United States Attorney for the District of Montana, announced today that during a federal court session in Missoula, on November 16, 2007, before Chief U.S. District Judge Donald W. Molloy, TRACY A. SCHROEDER, a 36-year-old resident of Bozeman, appeared for sentencing. SCHROEDER was sentenced to a term of:
Prison: 30 days, plus 11 months home confinement with electronic monitoring for 3 months
- Special Assessment: $100
- Supervised Release: 3 years
SCHROEDER was sentenced in connection with his guilty plea to bank embezzlement.
In an Offer of Proof filed by the United States, the government stated it would have proved at trial the following:
SCHROEDER was a branch manager for First Interstate Bank in Bozeman ("FIB").
From on March 15, 2002, until January 20, 2006, SCHROEDER embezzled approximately $34,632.07 from FIB.
SCHROEDER had funds transferred from two overdraft accounts and an expense account at FIB to a credit card advance clearing account. She then had the funds transferred to two joint accounts she shared with her husband and an account belonging to his business. SCHROEDER concealed her identity by transferring funds on deposit tickets on which she only wrote the depositing account number, not personal information which was usually required.
When confronted, SCHROEDER admitted to taking the funds. SCHROEDER further admitted she knew it was wrong to take the funds.
Because there is no parole in the federal system, the "truth in sentencing" guidelines mandate that SCHROEDER will likely serve all of the time imposed by the court. In the federal system, SCHROEDER does have the opportunity to earn a sentence reduction for "good behavior." However, this reduction will not exceed 15% of the overall sentence.
First Assistant U.S. Attorney Kurt G. Alme prosecuted the case for the United States.
The investigation was conducted by the Federal Bureau of Investigation.
