WHEELING, WEST VIRGINIA – A local business has been left reeling after a financial manager admitted to stealing hundreds of thousands of dollars from the company.
Cheryl M. Zambori, 50, of St. Clairsville, Ohio, pleaded guilty to one count of wire fraud in federal court yesterday. Zambori was employed as a finance manager at Litman Excavating, Inc. in New Martinsville, West Virginia.
According to the investigation, Zambori began a scheme in July 2016 to steal $317,290.53 from the company’s bank account in Wheeling, West Virginia, and transfer the funds to her personal accounts out of state.
As part of the plea agreement, Zambori has agreed to pay restitution to Litman Excavating, Inc. in the amount of $317,290.53. Zambori faces up to 20 years of incarceration and a fine of up to $250,000.
The case was investigated by the U.S. Postal Service Inspection Service and is being prosecuted by Assistant U.S. Attorney Danae DeMasi-Lemon. U.S. Magistrate Judge James P. Mazzone presided over the case.
Zambori’s sentence will be determined by the Federal Sentencing Guidelines, which take into account the seriousness of the offense and the defendant’s prior criminal history, if any.
The embezzlement scheme has left many in the community stunned, with some calling for tougher penalties for white-collar crimes.
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Key Facts
- State: West Virginia
- Category: Fraud & Financial Crimes
- Source: DOJ Press Release â†â€â€
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