North Carolina woman charged with embezzlement

By KevinMarcilliat, In White Collar Crimes, 0 Comments

According to the North Carolina Department of Revenue, a 56-year-old woman stands accused of embezzling approximately $30,000 in withholding tax money for the state.

The woman was arrested last month on six charges of embezzling state property. She is the owner of a business located on Jonestown Road in Raleigh, Future Young Scholars Child Development Academy.

According to arrest warrants filed in the case, the owner allegedly aided and abetted the embezzlement, misapplication and conversion of $29,803.49 in state revenues from the six-year period from 2008 to 2014 while serving as the academy president.

Records from the North Carolina Secretary of State show that the Future Young Scholars Child Development Academy was incorporated on March 29, 2006. In 2010, the academy was dissolved for failing to file its annual reports but was later reinstated in 2011.

The revenue department’s Criminal Investigations Section was investigating the woman. After her arrest, she had an appearance in front of a magistrate with Forsyth County. The magistrate placed her under a secured bond of $50,000.

Neither the Wake County Jail nor the Forsyth County Jail had records indicating the woman was an inmate at either facility. She is due in Raleigh’s Wake District Court on Jan. 16.

Prosecutors of white collar crime have enormous resources at their disposal in order to rack up convictions of defendants. It can be quite daunting facing multiple charges that will net long prison terms if convictions result. If you are facing similar circumstances and want to try to level the playing field, you may wish to speak with a North Carolina criminal defense attorney familiar with handling white collar crime.

Source: Winston-Salem Journal, “Head of Winston-Salem child care center charged with embezzling about $30,000/Winston-Salem Journal” Michael Hewlett, Dec. 17, 2014