Friday, December 5, 2014

Missouri Woman Pleads Guilty To Embezzling $375K

From KOAM Ch. 7 on 12/5/2014:

Tammy Dickinson, United States Attorney for the Western District of Missouri, announced that a Nevada, Mo., woman pleaded guilty in federal court today to a bank fraud scheme in which she embezzled from her employer.

Patricia Culbertson, 53, of Nevada, waived her right to a grand jury and pleaded guilty before U.S. Magistrate Judge David P. Rush to a federal information that charges her with bank fraud and filing a false tax return.

Culbertson worked for Barrington Manufacturing Corporation as a book keeper from June 2009 until she was suspended on June 24, 2014.

By pleading guilty today, Culbertson admitted that she forged the company owner's signature on checks from the company's bank account without authorization in order to cover her gambling debts and for other personal expenses. The checks were either deposited into Culbertson's personal bank account, the bank accounts of her mother and son, or the bank account of her company, PC Tech. After reviewing all of the account records, agents were able to determine that approximately $374,943 had been fraudulently withdrawn from Barrington's bank account.

Culbertson also admitted that she failed to report this embezzled income on her federal income tax returns for the years 2010, 2011, 2012, and 2013. Culbertson's actions resulted in a total tax loss to the federal government (without penalties and interest) of $72,246. The total tax loss to the state of Missouri (without penalties and interest) was $17,352.


Read the whole story here.

No comments: