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Associated Press, Published August 06 2010

Minnesota broadcast employee accused of stealing $2 million

MINNEAPOLIS — The comptroller for two Minnesota broadcast companies is accused of stealing up to $2 million from her employer.

Fifty-four-year-old Terry Schultz-Schech of Minnetonka is charged with eight counts of theft by swindle. A criminal complaint filed in Hennepin County District Court says Schultz-Schech used a credit card and checks from Ingstad Brothers Broadcasting and Iowa City Broadcasting to pay for personal expenses.

Each count carries a maximum 20 years in prison and a $100,000 fine upon conviction.

The Star Tribune says both companies, which includes 18 radio stations in Minnesota, are owned by Tom Ingstad.

Information from: Star Tribune, http://www.startribune.com

Copyright 2010 The Associated Press.