Mary R. Storer, 40, of Wood River, Illinois, was sentenced to 2 1/2 years in prison for embezzling $266,056 from Elk Heating and Cooling, a local business for which she had been employed as office manager and bookkeeper. According to prosecutors, Storer's scheme began in 2006 shortly after she was hired by the company by having manager's sign stacks of checks, some of them blank, ostensibly to pay for office supplies, which she then cashed. She also took cash payments from clients, promising a discount on their invoices. Finally Storer manipulated the payroll such that she would take employee withholdings for retirement and vacation time. Storer pleaded guilty last September to tax evasion, willful failure to file federal income tax returns, embezzlement from an employee benefit plan and failure to pay employment taxes. According to press reports, Storer had racked up more than $200,000 in gambling debts which was in part a motivating factor for her embezzlement.
Read FraudTalk's original post on this story here.
Read the story here.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment