Tuesday, August 2, 2011

Michigan Woman Pleads Guilty To Embezzling $462K From Financial Institution

Tracy McInchak, 39, of Dearborn, Michigan, pleaded guilty last week to charges she embezzled $462,000 from W-Y Campbell, a subsidiary of Comerica, where she had been employed as an office manager.   According to authorities, over a period of about 5 1/2 years,  from August 2004 through March 2010, McInchak wrote numerous checks from company coffers to herself and her personal credit card accounts.   Specifically, McInchak pleaded guilty to embezzlement and making a false statement on a federal tax return. 

Read the story here and here.

Read the DOJ announcement here.

Update (3/2/12): McInchak, now 40, has been sentenced to 15 months in prison followed by 3 years probation.  She was also ordered to pay $440,614 to Comerica in restitution and $62,706 to the Internal Revenue Service for back taxes on the ill-gotten gains.

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