A former financial institution government has simply pleaded responsible to stealing a whole bunch of 1000’s of {dollars} from her employer.
Amy Jo Reid stole $411,923 when she was working as a senior vice chairman and the director of buying for an unnamed financial institution in Inexperienced Bay, Wisconsin, in response to courtroom paperwork obtained by Fox11.
Reid dedicated the fraud scheme utilizing bank-sponsored bank cards, referred to as “buy playing cards” or “p-cards” that had been supposed for bank-related purchases. As a substitute, Reid charged private bills on p-cards and faked paperwork to make it appear to be they had been bank-related bills from about Might 2018 to Might 2024.
“As a part of her scheme, Reid nominally adopted this process to hide her illegal actions when she repeatedly charged private bills to p-cards, together with flights, resort reservations, and rental automobiles for herself and her household, her residential property taxes, flood remediation at her residence, on line casino playing, and Amazon purchases.
To perform the scheme and keep away from detection, Reid submitted doctored receipts that disguised the acquisition in some materials means as a work-related expense, and different instances she submitted no receipt however made materially deceptive statements that it was a work-related expense.”
Reid has pleaded responsible to a few fraud fees. She additionally agreed to pay $411,923 in restitution to the financial institution.
Every cost carries as much as 30 years in jail and a $1 million most tremendous.
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