Tuesday, December 21, 2010

Illinois Woman Charged In $1.2 Million Embezzlment Scheme

Tammy R. Weart, 52, of Des Plaines, Illinois, has been charged with embezzling some $1.2 million from Specialty Moving Systems where she had been employed as company controller. According to prosecutors, Weart made at least 96 unauthorized electronic funds transfers of monies from company accounts into her own accounts over a period of six years from November 3, 2003 through December 31, 2009. The total amount alleged to have been stolen by Weart is $1,169,632.16. Weart has been charged with theft, financial institution fraud and continuing a financial crimes enterprise. The embezzlement scheme was reportedly discovered by a co-worker who filled in for Weart when she was on a leave of absence.

Read the story here, here and here.

Update (6/24/11): Weart, now 53, has been sentenced to 11 1/2 years in prison. 

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