⏱ 2 min read
A Chicago-area company’s subsidiary took a hit from a top financial executive’s shady dealings. Former CFO Tina Feuerstein, 53, of Hanover, Penn., embezzled more than $1 million from her former company over five years.
She used a company credit card to buy personal items, including luxury furniture and designer clothing, and falsified company records to cover her tracks. The scheme included deleting 3,800 credit card charges totaling over $1 million and preparing false consolidated financial statements.
The scheme was uncovered after Feuerstein’s previous employer in the accounting department reported that she had embezzled over $250,000.
Feuerstein was convicted of eight counts of wire fraud after a four-day trial in federal court in Chicago. She faces up to 20 years in prison and sentencing is set for August 26.
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📋 Key Facts
- Crime: White Collar Crime
- Defendant: Illinois
- Location: IL
- Source: DOJ Press Release
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