Wednesday, November 16, 2011

Illinois Woman Sentenced For Embezzling $271K From Eyecare Center

Tami I. Loy, 51, of Sullivan, Illinois, has been sentenced to 38 months in prison for embezzling more than $271,000 from Mattoon Eye Center where she had been employed as office manager.  According to authorities, over a period of at least 5 years from 2002 to 2007, Loy siphoned funds from the company's employee profit-sharing plan.  She was accused of creating phony accounts and falsifying bank statements and profit-sharing statements.  Loy has also been ordered to pay $271,994 in restitution as well as more than $62,000 in back federal taxes on the ill-gotten gains.  Loy is scheduled to be sentenced on December 14, 2011. 

Read the story here and here.

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