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Press Release

Florida Woman Charged With Embezzling $2 Million From Former Employer

For Immediate Release
U.S. Attorney's Office, Middle District of Pennsylvania

SCRANTON - The United States Attorney’s Office for the Middle District of Pennsylvania announced today that Catherine Latoski, age 52, formerly of Exeter, Pennsylvania and currently a resident of Davenport, Florida, was charged in a criminal information with committing wire fraud.

According to United States Attorney Gerard M. Karam, the information alleges that Latoski was the Director of Accounting Services for a Scranton-based for-profit educational institution.  Beginning in November 2016, through her termination in June 2021, Latoski allegedly charged approximately $2,000,000 in personal expenses on corporate credit cards issued by her former employer, spending the funds on vacations, Disney timeshares and cruises, personal utility bills and shopping expenses, her child’s college tuition, and to fund her and her family members’ personal businesses selling health and beauty products.  Latoski then used her accounting position to facilitate having her former employer pay off the credit card charges, including by creating false entries in the company’s books and records to conceal the expenses.

The United States is forfeiting five Disney timeshares purchased by Latoski using the stolen funds, and held in the names of her family members.

The case was investigated by the Federal Bureau of Investigation. Assistant U.S. Attorney Phillip J. Caraballo is prosecuting the case.

The maximum penalty under federal law for the offense is 30 years of imprisonment, a term of supervised release following imprisonment, and a fine.  A sentence following a finding of guilt is imposed by the Judge after consideration of the applicable federal sentencing statutes and the Federal Sentencing Guidelines.

Criminal Informations are only allegations. All persons charged are presumed to be innocent unless and until found guilty in court.

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Updated September 30, 2022

Financial Fraud