Dayton woman pleads guilty to embezzling $130,000 from local company
April 30, 2013
A Dayton woman pleaded guilty Monday morning to embezzling more than $130,000 from a local company during the course of seven years.
Georgann McPeters will have to pay the victim, Sierra Furnace Works, $150,000 in restitution for the money embezzled over seven years. McPeters was writing checks out to her husband from the company, forging her boss' signature to authorize the checks, and then depositing them without his knowledge, according to court documents.
McPeters was originally charged with theft — conversion or embezzlement of $3,500 or more and uttering forged instruments. She pleaded guilty to theft — conversion or embezzlement of $3,500 or more and faces a one to 10 years in prison as well as a fine up to $10,000, in addition to the restitution.
The victim wrote a check to himself in March of 2011 but was called by the bank and told his account was already $500 overdrawn. He then poured over statements with the bank and found checks made out to McPeter's husband, who had not worked for the company since 2005.
McPeters told investigators she used the money for household expenses and did not have any money to pay the victim back immediately. She told investigators she would intercept all bank statements so her husband would not be aware of the checks coming in to their shared bank account in his name.
Her sentencing is set for July 1 at 9 a.m.
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