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Press Release

Jerseyville Woman Sentenced For Defrauding Former Employer Of Over $440,000.00

For Immediate Release
U.S. Attorney's Office, Southern District of Illinois

Stephen R. Wigginton, United States Attorney for the Southern District of Illinois, announced today that on July 31, 2014, Stacy Jo Kanallakan, 35, of Jerseyville, Illinois, was sentenced in United States District Court in East St. Louis, Illinois on a one-count information charging that she engaged in a scheme to commit wire fraud. The district court sentenced Kanallakan to serve 33 months in federal prison, to be followed by 3 years mandatory supervised release. The district court ordered Kanallakan to pay $442,211.91 in restitution to her former employer. The court also ordered Kanallakan to pay a special assessment of $100.00.

At her plea on May 2, 2014, Kanallakan admitted that while working as the bookkeeper and accountant for Telsar Laboratories, Inc. (TLI), she fraudulently caused electronic deposits to be made to her own accounts and also caused fraudulent payments to be made to her by check out of TLI accounts. TLI was at the time a business located in Madison County, Illinois and the wire communications in furtherance of her scheme to defraud TLI utilized a bank in Brookfield, Wisconsin. Kanallakan admitted that between September of 2005 and October of 2011, she defrauded the business and its owner of $442,211.91.

The investigation was conducted by the Federal Bureau of Investigation. The case was prosecuted by Assistant United States Attorney Ranley R. Killian.

Updated February 19, 2015