Darci Shillington, the former CEO of Hilco Technologies, has been sentenced to 36 months in prison for defrauding the company of $1,397,000. The sentence was imposed by Judge Janet T. Neff in U.S. District Court in Grand Rapids, Michigan.
Shillington’s crime involved submitting phony invoices for payment and pocketing the money between June and September 2017. She used the stolen money to purchase and furnish a lavish home in Ada, Michigan. The fraud left Hilco short of cash to pay its real suppliers, who eventually contacted other Hilco representatives to complain.
The investigation into Shillington’s actions began in September 2017, when the company’s suppliers contacted the FBI. The case was investigated by the Federal Bureau of Investigation and was prosecuted by Assistant U.S. Attorney Timothy VerHey.
U.S. Attorney Andrew Birge stated, ‘This crime involved a business, but it was really about hurting people. Darci Shillington earned a salary that most people would be thrilled to have; but she just had to have more. She took advantage of suppliers, jeopardized the company’s stability, and in turn put the jobs of the company employees at risk.’
As part of her sentence, Shillington will also serve two years of supervised release and pay restitution of $399,386. She will be allowed to remain on bond pending designation of her prison facility.
The sentence serves as a warning to other corporate executives who may be tempted to engage in similar fraudulent activities. The FBI and the U.S. Attorney’s office will continue to investigate and prosecute white-collar crimes, including those committed by high-ranking executives.
In this case, Shillington’s actions had serious consequences for the company and its employees. The $1.3 million she stole could have been used to pay suppliers, invest in the company, or provide benefits to employees. Instead, it was used to fund her own lavish lifestyle.
The case against Shillington is a reminder that white-collar crime can have serious consequences, not just for the individuals involved, but also for the companies and communities they affect. As the U.S. Attorney’s office continues to crack down on these types of crimes, it is likely that more executives will face similar sentences in the future.
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Key Facts
- State: Michigan
- Agency: DOJ USAO
- Category: Fraud & Financial Crimes
- Source: Official Source ↗
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