Woman Embezzles Millions From Granite Falls Company

A former chief financial officer from a Granite Falls industrial company is charged with embezzling over $5 million.

Federal prosecutors say 38–year–old Kirsten Tjosaas bought five houses, three cars and several recreational vehicles with the money she swindled from Fagen, Inc.

The charges say Tjosaas deposited the siphoned money into an account for another company she controlled.

Tjosaas is charged with wire fraud and money laundering.