Modderman taken into custody

Published 12:00 am Saturday, December 7, 2002

Rose Marie Modderman, 34, who was arrested in Denver, Colorado, for stealing money from her work place Olson Manufacturing has been transported to the county jail.

Modderman, a former accounting manager at the Albert Lea company, is suspected embezzling over $100,000 company money by drawing corporate checks, according to a complaint filed with the county.

The alleged embezzlement took place between November 2000 and May 2001 when her employer, Dave Olson, took a personal leave from the company, according to the investigation.

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May 27 of last year, a colleague found a note on Modderman’s office desk saying that she was sorry. Modderman disappeared from Albert Lea, and the police have been looking for her since.

Modderman will appear in court next week for bail to be set.