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$1.3M Thief Sentenced to 20 Years

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Texas Woman Admits to Stealing $1.3 Million from Former Employer

HOUSTON – Michelle Robyn Freytag, 47, of Missouri City, has pleaded guilty to defrauding her former employer – a Houston businessman – of more than $1.3 million, announced U.S. Attorney Kenneth Magidson.

Freytag was hired in April 2009 to be her employer’s executive assistant. As part of her guilty plea today, she has admitted that as early as August 2009, she began misusing her position and her access to his credit card and banking information.

She arranged for credit cards to be assigned in her name but under her employer’s various accounts at Whitney National Bank. As the executive assistant, Freytag was able to arrange for her personal expenditures to be satisfied with monies from bank accounts assigned to her employer or his other companies.

Over the next four years, Freytag repeated this process and obtained, without authorization from her employer, at least four additional Whitney Bank credit cards in his name, his spouse’s name and in the name of two of his other companies. She used these credit cards to take cash advances and to make personal expenditures.

U.S. District Judge Keith P. Ellison accepted the guilty plea on one count of wire fraud today and has set sentencing for Sept. 29, 2015. At that time, Freytag faces up to 20 years in federal prison and a possible $250,000 maximum fine.

The investigation was conducted by the FBI. Assistant U.S. Attorney Jason Varnado is prosecuting the case.

This scheme was discovered in January 2014, and Freytag’s unauthorized cash advances and personal expenditures totaled approximately $1.3 million. Her actions have left many questioning her motives and the extent of her betrayal.

Freytag’s case serves as a reminder of the devastating consequences of white-collar crime. It is a stark reminder of the importance of accountability and the need for businesses and individuals to remain vigilant in preventing such schemes.

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