Sudbury Bookkeeper Pleads Guilty to Fraud Charges
BOSTON – A former bookkeeper for a Lexington interior design firm pleaded guilty today to bank fraud charges in connection with her embezzling more than $180,000 from her former employer.
Christina Iannelli, 51, of Sudbury, pleaded guilty to seven counts of bank fraud. U.S. District Court Judge Nathaniel M. Gorton scheduled sentencing for March 14, 2024. Iannelli was arrested and charged in March 2022.
Iannelli was an independent contractor for an interior design firm based in Lexington. Beginning in or about October 2018, Iannelli prepared dozens of fraudulent invoices with inflated totals derived from inaccurate math, and then issued herself checks for the inflated amounts due from the firm’s checking account. Additionally, beginning in or about July 2019, Iannelli issued herself dozens of additional unauthorized checks. In both instances, Iannelli used a signature stamp in the name of the firm’s owner to issue the fraudulent checks.
To conceal the fraudulent payments, Iannelli made false entries in the firm’s accounting records. In total, Iannelli embezzled more than $30,000 through inflated compensation checks and more than $150,000 through additional unauthorized checks.
The charge of bank fraud provides for a sentence of up to 30 years in prison, five years of supervised release and a fine of $1 million. Sentences are imposed by a federal district court judge based upon the U.S. Sentencing Guidelines and statutes which govern the determination of a sentence in a criminal case.
Acting United States Attorney Joshua S. Levy; Jodi Cohen, Special Agent in Charge of the Federal Bureau of Investigation, Boston Division; and Lexington Police Chief Michael McLean made the announcement today. Valuable assistance was provided by the Sudbury Police Department. Assistant U.S. Attorney James R. Drabick of the Securities, Financial & Cyber Fraud Unit is prosecuting the case.