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Justice News

Department of Justice
U.S. Attorney’s Office
District of Idaho

FOR IMMEDIATE RELEASE
Tuesday, February 26, 2019

Coeur d’Alene Woman Pleads Guilty to Embezzling over $697,000

COEUR D’ALENE – Sue Ann Larson, 63, of Coeur d’Alene, pleaded guilty today in United States District Court to wire fraud and filing a false tax return, U.S. Attorney Bart M. Davis announced.  Sentencing for Larson is set for May 28, 2019, before Senior U.S. District Judge Edward J. Lodge at the federal courthouse in Coeur d’Alene.

According to court records, Larson was the long-time bookkeeper for a Coeur d’Alene custom cabinet business.  Between May 2013 and February 2018, Larson initiated wire transfers from a business account to her personal accounts.  In order to hide her scheme, Larson created false entries in the business ledgers to make it look like the money she was embezzling had been used for legitimate business expenses.  Larson admitted that she embezzled at least $697,252.11.

Wire fraud is punishable by up to 20 years in prison, a fine of up to $250,000, and a term of supervised release of up to three years.

Filing a false tax return is punishable by up to three years in prison, a fine of up to $100,000, and a term of supervised release of one year.

The case was investigated by the Internal Revenue Service - Criminal Investigations and the Coeur d’Alene Police Department.

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Topic(s): 
Financial Fraud
Tax
Component(s): 
Contact: 
CASSIE FULGHUM Public Information Officer (208) 334-1211
Updated February 26, 2019