Anne Justesen, 44, Stillwater, Minnesota, former Jennings State Bank vice president, pleaded guilty in U.S. District Court in Minneapolis, Minnesota, to one count of mortgage fraud through identify theft.
According to the Indictment and plea, in November 2005, Justesen forged her husband’s signature on documents for a $200,000 mortgage for a lake home near Luck, Wisconsin, owned by Justesen and her husband. As a result of the forged mortgage documents, Jennings State Bank was left with inadequate collateral.
The bank discovered the fraud during a routine examination of its documents. Allegedly an employee found a document that “looked unusual” and confronted Justesen about it.
Under the sentencing guidelines, Justesen faces 18-24 months in prison.