Former Office Manager Sentenced to Prison Term for Embezzlement, Tax Evasion, and Making False Statements
Urbana, Ill. – A Sullivan, Ill., woman, Tami I. Loy, has been ordered to serve 38 months (3 years, 2 months) in federal prison for embezzling more than $270,000 from her former employer over a six-year period. Chief U.S. District Judge Michael P. McCuskey sentenced Loy on Nov. 10, 2011. Loy was previously employed as the office manager for an eye clinic in East Mattoon, Ill. According to court documents, Loy, 51, was also ordered to pay restitution in the amount of $271,994 to her former employer. Loy was ordered to report on Dec. 14, 2011, to the Federal Bureau of Prisons to begin serving her sentence.
On Apr. 4, 2011, Loy waived indictment and entered a plea of guilty to a three-count information charging her with one count each of mail fraud, tax evasion, and making false statements related to documents required by the Employee Retirement Income Security Act (ERISA.) According to court documents, Loy admitted that from 2002 to 2007, while she was employed as the office manager, she embezzled more than $270,000 from her former employer, including some funds that were intended for the company’s employee profit-sharing plan. To carry out the scheme and conceal the embezzlement, Loy admitted that she created phony accounts and falsified bank statements and Vanguard profit-sharing statements. Loy was terminated from her position in 2008.
According to court documents, approximately $20,000 previously seized from Loy’s personal bank account by the U.S. Postal Inspection Service will be forfeited to the government and applied to the restitution order. Loy also agreed to cooperate with the IRS in the assessment and collection of any taxes due, estimated at approximately $62,639, plus interest and penalties.
The charges were investigated by the Mattoon Police Department, the Internal Revenue Service-Criminal Investigation Division, the U.S. Postal Inspection Service, and the U.S. Department of Labor, Office of Inspector General. The case was prosecuted by Assistant U.S. Attorney Ronda H. Coleman.
James A. Lewis
welcomes you to the Central District of Illinois
Below 100 is an initiative to reduce police line-of-duty deaths to fewer than one hundred per year.
Ready Illinois offers homeland security information and planning tips for emergencies and disasters.
A basic primer for the federal judicial system.