Colby Woman Indicted for Embezzlement of $750,000

An announcement was made that a federal grand jury in Wichita has indicted 39-year-old Shania Shanahan, of Colby, Kansas, for embezzlement from her former employer.

Shanahan, who held the position of head of the financial division at a local Co-Op, has been indicted on 70 total felonies. The U.S. Attorney's Office has released those counts below:

• 43 counts of bank fraud

• 25 counts of money laundering

• Five counts of aggravated identity theft.

From January of 2017 to November of 2025, Shanahan is accused of forging 233 checks in the total amount of $753,575. She then put all these funds into her own personal bank account.

According to the U.S. Attorney's Office, "She allegedly used coworkers’ signatures without their knowledge or consent which is the basis for the identity theft charges. The defendant is accused of concealing the deception by falsifying records to make the fraudulent payments appear to be legitimate payments to herself and other third-party vendors."

The Federal Bureau of Investigation (FBI) is investigating the case.

Read the full release from the U.S. Attorney's Office HERE.