Anne Justesen of Stillwater, Minnesota, former vice president of Jennings State Bank, pleaded guilty in U.S. District Court in Minneapolis to one count of mortgage fraud through identify theft. According to court documents, in November 2005, Justesen forged her husband's signature on documents for a $200,000 mortgage for a lake home near Luck, Wis., 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. According to Jennings State Bank, an employee found a document that looked unusual and confronted Justesen about it, which triggered the investigation.
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