CHICAGO — A Pennsylvania woman was convicted by a federal jury in Chicago on fraud charges after embezzling over $1 million from her employer and spending the money on luxury and designer items, according to authorities.
Tina Feuerstein, 53, was convicted on eight counts of wire fraud, authorities said Monday, noting the jury returned the verdicts on April 9. Each count is punishable by up to 20 years in federal prison, and sentencing is set for Aug. 26, according to the U.S. Department of Justice.
Feuerstein, of Hanover, Pennsylvania, was the chief financial officer of a Pennsylvania company owned by a company in the Chicago area, authorities said.
“Evidence at trial showed that Feuerstein used a company credit card over the course of five years to purchase personal items, including luxury furniture, designer apparel, and everyday expenses,” according to a department news release.
“To conceal her theft, Feuerstein falsified entries in the company’s general ledgers to offset the amounts that she had stolen. She also deleted items in the company’s expense-reporting system to hide more than 3,800 credit card charges that she had made totaling more than $1 million.”
Feuerstein prepared false consolidated financial statements, misstating the company’s total expenses, authorities said.
The evidence at trial showed that Feuerstein had previously embezzled more than $250,000 while working in the accounting department of another company, according to authorities.
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