According to court documentation, the former bookkeeper of a Falmouth, Boston flooring company recently pleaded guilty to embezzling more than $1.3 million from her employer.
Ms. Susan Figuerido also pleaded guilty to wire fraud and filing a false tax return. This scheme took place between 2015 and 2023. If found guilty, the crime of wire fraud can come with a sentence of up to 20 years in prison.
During her employment at the flooring company Ms. Figuerido allegedly embezzled more than $1.3 million from her employer by writing unauthorized checks from the employer’s bank account. To conceal her scheme, Ms. Figuerido neither recorded the checks that she wrote to herself in her employer’s accounting system nor reported the embezzled funds on her federal income tax filings, resulting in an evasion of approximately $353,000 in income taxes.
Even though the checks were not recorded in the company’s accounting system, there should have been a discrepancy in the balance of the company’s accounts and the incoming revenue. In similar cases, the principal disguises the payments to seem legitimate. However, the “missing” money should have raised red flags for anyone involved in the company’s accounting.
Falmouth woman pleads guilty to embezzling more than $1.3 million. (2024, October 15). https://www.justice.gov/usao-ma/pr/falmouth-woman-pleads-guilty-embezzling-more-13-million
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