A credit union member who worked as a fraud investigator and auditor for the South Dakota Department of Revenue was indicted last week on 22 felony charges for hacking emails and using them to steal more than $145,000 from five banks in four states.
Steven Arthur Knigge, 69, pleaded not guilty in U.S. District Court in Rapid City S.D., to one count each of conspiracy and tampering, six counts each of bank fraud and wire fraud, and eight counts of money laundering.
According to court documents, Knigge used an email of a customer at a branch of the Bank of the West in Arizona and instructed the financial institutions to wire more than $48,000 from that customer's account to his account at the $1 billion Black Hills Federal Credit Union in Rapid City, S.D., in July 2015.
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