Former CdA employee pleads guilty to embezzling $365K

Former CdA employee pleads guilty to embezzling $365K

Credit: www.cdaid.org

Former CdA employee pleads guilty to embezzling $365K

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by AP/Coeur d'Alene Press

KREM.com

Posted on October 15, 2012 at 10:21 AM

COEUR d'ALENE, Idaho (AP) -- A former employee of the city of Coeur d'Alene has pleaded guilty to embezzling about $365,000 over a period of five years.

The Coeur d'Alene Press reports 52-year-old Sheryl Lynn Carroll pleaded guilty to six counts of wire fraud on Friday during a hearing in U.S. District Court. A sentencing date has not been set.

Assistant U.S. Attorney Traci Whelan says Carroll reported sending money to legitimate vendors, but used 120 wire transfers to send money to her bank account between 2007 through 2012. She was fired in July after city staff noticed financial irregularities while Carroll was on vacation.

City Finance Director Troy Tymesen said Friday that the city will now require two people to oversee each wire transfer and it will implement "mini audits" on wire transfers during the year.

 

(Information in the previous story is from: Coeur d'Alene Press, http://www.cdapress.com)

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