Columbia woman admits embezzling $257,000
Tue, 29 Nov 2011 02:18:58 GMT —
A Columbia woman admits to stealing more than $250,000 dollars from her employer and now is in trouble for not paying taxes on the money.
36 year old Christine Diane Todd was the branch credit manager for Major Brands in Columbia, a liquor distributor.
A news release from Beth Phillips, United States Attorney for the Western District of Missouri indicates Todd's duties included processing payments that were received from customers, including both cash received from truck drivers and/or salesman and checks that were received in the mail.
Todd admitted that she stole a portion of the cash received from the customers, totaling $257,688 over the four-year period from 2003 to 206. Monday's plea was for tax evasion for leaving the stolen money off her 2005 tax return.
Todd will be sentenced after the court does a pre-sentence investigation. She could face up to three years in a federal prison without parole, a 100-thousand dollar fine, and an order of restitution.