FALMOUTH – A Falmouth woman has been charged and pled guilty to embezzling more than $1.3 million from her employer.
The former bookkeeper of a local flooring company, Susan Figuerido, 73, was charged with wire fraud and filing false tax returns.
According to the charging documents, between June 2015 and February 2023, Figuerido embezzled more than $1.3 million from her employer by writing checks to herself drawn on her employer’s bank account.
To conceal her scheme, Figuerido allegedly did not record the checks that she wrote to herself in her employer’s accounting system. The charge provides a sentence of up to 20 years in prison and a fine of up to a quarter million dollars.
The following is the full satement rom the office of Acting United States Attorney Joshua Levy for the District of Massachusetts:
According to the charging documents, between June 2015 and February 2023, Figuerido embezzled more than $1.3 million from her employer by writing checks to herself drawn on her employer’s bank account. To conceal her scheme, Figuerido allegedly did not record the checks that she wrote to herself in her employer’s accounting system. It is further alleged that Figuerido did not report or include the funds that she embezzled on her federal income tax filings, resulting in a tax loss of approximately $353,000.
The charge of wire fraud provides a sentence of up to 20 years in prison, three years of supervised release and a fine of up to $250,000 or twice the gross gain or loss. The charge of filing a false tax return provides for a sentence of up to three years in prison, one year of supervised release and a fine of $250,000 or twice the gross gain or loss. Sentences are imposed by a federal district court judge based upon the U.S. Sentencing Guidelines and other statutory factors.
Acting U.S. Attorney Joshua S. Levy; Jodi Cohen, Special Agent in Charge of the Federal Bureau of Investigation, Boston Division; and Harry T. Chavis Jr., Special Agent in Charge of the Internal Revenue Service’s Criminal Investigations in Boston made the announcement today. The Falmouth Police Department provided valuable assistance with the investigation. Assistant U.S. Attorney Kristen A. Kearney of the Securities, Financial & Cyber Fraud Unit is prosecuting the case.
The details contained in the charging document are allegations. The defendant is presumed innocent unless and until proven guilty beyond a reasonable doubt in a court of law.
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