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Justice News

Department of Justice
U.S. Attorney’s Office
Southern District of Ohio

FOR IMMEDIATE RELEASE
Thursday, October 20, 2022

Southern Ohio woman admits to embezzling $700k from employer

CINCINNATI – A Sardinia, Ohio, woman pleaded guilty in U.S. District Court today to stealing more than $700,000 from the family-owned business for which she worked.

 

Tina Coday-Townes, 49, pleaded guilty to wire fraud, a federal crime punishable by up to 20 years in prison.

 

According to court documents, Coday-Townes previously served as the office manager for a business in Clermont County. In that role, she was responsible for accounts payable and bookkeeping, including inputting and sending data to a third-party payroll company.

 

The defendant admitted that from 2013 until 2019, she wrote checks using an employers’ signature stamp to pay off her personal credit cards. Coday-Townes made false entries into the accounting database, indicating the checks were to vendors rather than to her personal credit cards.

 

In addition, Coday-Townes entered overtime hours for herself, even though she was ineligible for overtime as a salaried employee.

 

As part of her plea agreement, Coday-Townes will pay $697,000 in restitution to her former employer, $11,500 to the State of Ohio for fraudulently paid unemployment benefits, and $35,000 to West American Insurance Company.

 

Coday-Townes was arrested by federal agents in April 2021.

 

Kenneth L. Parker, United States Attorney for the Southern District of Ohio, and J. William Rivers, Special Agent in Charge, Federal Bureau of Investigation (FBI), Cincinnati Division, announced the plea entered today before Senior U.S. District Judge Michael R. Barrett. Assistant United States Attorney Ashley N. Brucato is representing the United States in this case.

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Topic(s): 
Financial Fraud
Component(s): 
Updated October 24, 2022