Columbia woman pleads guilty to fraud, money laundering charges

48-year-old Terri Lynn Johnson pleaded guilty to charges of bank fraud and money laundering for embezzling $576,000 from a Fulton title company.

A Columbia woman pleaded guilty in federal court to embezzling $576,000 from a Fulton title company.

Terri Lynn Johnson, 48, was charged with bank fraud and money laundering.

Johnson began working with Guaranty Land Title in Fulton where she eventually became branch manager until the company was acquired by Landchoice, LLC.

Johnson began writing checks from Landchoice payable to herself and to cash up to $59,465.

She also wrote checks to her personal business, Johnson Gardens, for up to $12,500, and checks for her personal use up to $19,916.

Johnson admitted to obtaining a debit card for a Lanchoice account, then using that debit card for personal expenses up to $184,292.

Johnson also confessed to being a part of a $300,000 mortgage fraud scheme while working at Lanchoice as the branch manager.

Johnson was terminated from Landchoice in 2008.

A sentencing hearing will take place after an investigation is completed by the United States Probation Office.

Johnson could face up to 40 years in prison without parole.