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Wire fraud and money laundering lead to maximum sentence

| Sep 29, 2016 | Embezzlement |

Minnesota employees who have access to company assets are expected to be trustworthy and operate with their employers’ best interests in mind. When concerns about a person’s honesty and ethics in business surface, investigations may result and these can even lead to criminal charges. For people whose jobs provide them easy access to company money or other assets, the potential to be accused of white collar crimes may be greater than for other people.

One woman who had worked for 11 years at a contracting company based in Granite Falls found herself facing accusations of money laundering and wire fraud after she was let go of her job late last year. Reports indicate that the loss of her job was not related to the criminal charges that eventually came to be. Rising to the position of controller within three years of starting at the company, the woman eventually became the Chief Financial Officer after the prior CFO, her mother, resigned from that job.

Over the course of nine years, the defendant is said to have cashed checked or electronically transferred money illegally. Funds are said to have been used to pay for homes in four states, interests in vacation homes, boats, vehicles, travel and more. She is also accused of falsifying records to make transactions appear legitimate. Earlier this year the woman pled guilty to charges against her and a judge recently sentenced her to six-and-a-half years in prison.

People who find themselves accused of white collar crime may find it helpful to talk with an attorney. This may provide insight into how best to proceed in a criminal defense.


Source: StarTribune, “Former executive at Granite Falls company gets prison for embezzling $5.77 million,” Mike Hughlett, Sept. 13, 2016