Woman embezzles over $750k from employer, sentenced 3 years
An Anchorage woman will spend the next three years in federal prison for embezzling more than $750,000 from her employer and tax fraud.
According to a release from the U.S. Attorney for Bryan Schroder's office, between 2006 and 2012, 42-year-old Raenette K. Yangson was employed as a bookkeeper for Western Construction and Equipment in Anchorage. Soon after she was hired on, she started creating false checks on the small businesses' bank account, which was then made payable to herself and her husband.
"Yangson then forged the signatures of owners of the business on the checks and made false entries into the business’ computer accounting program to make the checks appear to be legitimate payments to vendors," the release said.
Yangson continued cashing the checks for more than six years. During that times, she also submitted false income tax returns to the IRS.
On Wednesday, Yangson was sentenced to three years in prison and ordered to pay $206,987 in restitution to the IRS for taxes owed on the stolen money. The amount of restitution owed to her former employer will be determined at a later hearing.
U.S. District Judge Sharon L. Gleason said Yangson's actions abused the trust of Western Construction and Equipment and seriously affected the company's financial well-being during that time.
“IRS Criminal Investigation is committed to investigating individuals who use their employers as personal piggy banks," said Darrell Waldon, Special Agent in Charge, Seattle Field Office. “Ms. Yangson spent years enriching herself and her husband by stealing from her employer and from honest Americans who pay their tax obligations. The IRS and the U.S. Attorney’s Office will continue to vigorously pursue criminals like Ms. Yangson and hold them accountable for their actions.”
Copyright 2018 KTVA. All rights reserved.