The former manager of the McIntosh-Watauga Equity Exchange grain elevator is accused of embezzling nearly $50,000 from her former employer, reports AgWeek.
DeAnn Marie Holzwarth, 44, faces three charges, according to a complaint filed on Sept. 23, 2021, by Assistant Attorney General Mandi Miiller. One count accuses her of embezzling $49,732.99 from the elevator, and two counts accuse her of failing to notify the South Dakota Public Utilities Commission of financial conditions at the elevator.
Holzwarth has not entered pleas to the charges.
According to the complaint against Holzwarth, she is accused of embezzling $49,732.99 between Jan. 1, 2016, and March 30, 2020. She is accused of failing to notify the South Dakota Public Utilities Commission of the “grain buyer” financial condition. Documents say that between Feb. 21. 2020, and March 26, 2020 Holzwarth knew the elevator was not in compliance with the commission’s “financial standard” for a grain buyer, which is upon demand. She also is accused of failing to notify the SDPUC of the “grain warehouse” financial condition between Feb. 27, 2020, and March 10, 2020.
Read the full report here.
