St. Marys Woman Charged With Embezzling From Employer, Tax Evasion
ERIE, Pa. ‑ A resident of St. Marys, Pennsylvania has been indicted by a federal grand jury in Erie on charges of mail fraud and tax evasion, United States Attorney David J. Hickton announced today.
The nine-count indictment named Sandra Ann Prechtel, 49, of St. Marys, Pennsylvania, as the sole defendant.
According to the indictment presented to the court, Prechtel was an employee of the Abbott Furnace Company who from the period between 2002 and April 2007, engaged in a scheme and artifice to defraud the company and embezzled and spent more than $970,000.00 of company money. In addition, Prechtel evaded the payment of income taxes by failing to report as income the money she stole from Abbott Furnace for calendar years 2004, 2005 and 2006.
The law provides for a maximum total sentence of 135 years in prison, a fine of $2,250,000, or both. Under the Federal Sentencing Guidelines, the actual sentence imposed would be based upon the seriousness of the offenses and the prior criminal history, if any, of the defendant
Assistant United States Attorney Marshall J. Piccinini is prosecuting this case on behalf of the government.
The Internal Revenue Service, Criminal Investigation and the Federal Bureau of Investigation conducted the investigation leading to the indictment in this case.
An indictment or information is an accusation. A defendant is presumed innocent unless and until proven guilty.
Protect yourself from fraud, and report suspected cases of financial fraud to local law enforcement.