A Pennsylvania woman stole more than $1.1 million from four different employers while holding major financial positions for each.
Clairton woman and 58-year-old Tracey Smith pleaded guilty to four counts of bank fraud after stealing money from four employers while on the job, reports TribLIVE.
In a 2020 indictment, Smith was accused of stealing tens of thousands from two companies while serving as chief financial officer. While the case was pending, Smith was hired in June 2022 by a Pittsburgh engineering firm as a supervisor and had access to the company’s payroll.
Authorities say Smith abused his position and used two company credit cards to make $51,520 in charges. Smith reimbursed himself for the company’s expenses to the tune of $188,123 and used company checks to pay $426,659.
In February 2023, Smith was to be judged served 15 months in prison and was ordered to pay $113,000 in restitution for defrauding the first two companies. In April of the same year, Smith had to appear at the Federal Bureau of Prisons and told a construction company in Pittsburgh that he was leaving to “take care of his sick aunt.”
A few months after his release in February 2024, he was hired by a Pittsburgh company as a financial manager, where he cashed checks and cashed himself, resulting in a loss of $498,653.
The government said,
“The financial and emotional impact of the recent fraud on the owners of the last two companies is sad: serious financial problems, layoffs, debt issues, personal health problems and breaches of trust with employers. For small companies like the victims of the last two, the recovery from these huge financial losses will leave lasting scars.”
Smith will now serve 76 months in federal prison and was ordered to pay $1.17 million in restitution.
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