The Federal Reserve Board announced it has executed an enforcement action in the form of a consent prohibition order against Nicholas Leroy Klug, a former employee of Dacotah Bank in Aberdeen, South Dakota. The action relates to the embezzlement of bank funds.
Federal Reserve Board 2025-09-25
Federal Reserve Board issues consent prohibition order against former Dacotah Bank employee for embezzlement
The Federal Reserve Board has issued a consent prohibition order against Nicholas Leroy Klug, a former Dacotah Bank employee, for embezzling bank funds.