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Executive Admits To Embezzlement

CEDAR RAPIDS, Iowa (AP) -- A former company official has pleaded guilty to embezzling more than $40,000 from an employee retirement fund.

The U.S. Attorney's Office in Cedar Rapids says 42-year-old Anthony Bartleson, of Forest City, pleaded guilty Monday in federal court to one count of embezzlement from an employee retirement plan.

In a plea agreement, Bartleson acknowledged that while working as vice president and treasurer of Bartleson Masonry in Forest City, he withheld money from employee paychecks that was intended for an investment account but that he used for personal and business expenses.

Bartleson embezzled over $25,000 from the employee benefit plan by not properly forwarding money withheld from paychecks. He also embezzled more than $15,000 from the investment plan by not paying employer matching contributions. Bartleson remains free. Sentencing will be held later.

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