Stealing to Travel
The FBI and IRS investigated an embezzlement scheme.
Cynthia Cave, 45, of Mount Pleasant, SC was federally indicted on charges she defrauded her employer, filed false tax forms, and misstated her salary.
Ms. Cave was hired as the office manager of a medical practice. Between 2007 and 2011, Ms. Cave increased her salary without her employer’s knowledge, used payroll taxes to fund her lifestyle by paying for personal services, retail items, meals and travel without authorization. She also filed at least three separate tax returns that contained false information.
In 2010, Ms. Cave stated that her salary was $92,700 when records indicate that her total income was $148,262 due to her embezzlement of the payroll taxes. In 2011, Ms. Cave listed her salary as $99,975, when records indicate it was at least $168,578 . In 2012, Ms. Cave reported salary of $95,400, when records indicate she actually received $195,726.
Ms. Cave faces up to 20 years in prison if convicted of wire fraud and 10 years in prison if convicted of filing false tax returns.
Source: Post & Courier, March 14, 2016.