Stewartville Man Pleads Guilty to Massive Theft Rochester Credit Union

Rochester, MN (KROC-AM News)- A Stewartville man, who was charged last year in a massive Rochester fraud case, has pleaded guilty. 

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The criminal complaint in the case says the scheme cost a Rochester financial institution more than $10,000. 

He entered a guilty plea in Olmsted County Court earlier this week. 

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Stewartville Man Admits to Defrauding Rochester Financial Institution Out of Thousands of Dollars

22-year-old David Lloyd Black was charged with one felony count of theft by swindle and a felony count of issuing a dishonored check last June.

The court document says he stole from a Rochester credit union by depositing checks from an account with insufficient funds. 

He would then withdraw the money before the credit union realized the account tied to the checks did not have a sufficient balance, the complaint says. 

The charges say he conducted the fraud scheme in February and March of last year. He then was accused of using a friend’s account to conduct the scheme last July. 

Rochester police were informed of the fraud last August. The money stolen from the credit union over the course of the scheme totaled  $11,437.86, the complaint says. 

Black admitted to the fraud during an interview with law enforcement last August, according to the complaint. 

The plea deal calls for Black to admit to the theft by swindle charge in exchange for the dismissal of the dishonored check count. 

The agreement includes a five-year probation sentence. Black is scheduled to be sentenced next month.