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Monroe Woman Charged with $2.3 Million Embezzlement Scheme
A stunning case of corporate greed has come to light in Monroe, North Carolina, as Kristy Lawrence, 44, is charged with embezzling more than $2.3 million from her employer.
According to allegations in the indictment, Lawrence was employed by a small family business located in Monroe from 2016 to April 2022. During this time, she worked in a purchasing and accounting function for the business and handled the company’s books and records.
Lawrence allegedly worked her scheme by making multiple unauthorized electronic transfers from the company’s bank account to make payments for her personal benefit, including to pay her credit cards. To cover up the fraud, Lawrence used her position and access to falsify documents and make fraudulent accounting entries in the company’s books and records.
The alleged embezzlement scheme was uncovered after Lawrence was on extended leave and another employee took over her responsibilities. The wire fraud charge carries a maximum sentence of 20 years in prison and a $250,000 fine.
Lawrence was released on bond after her initial appearance. The charges in the indictment are allegations and the defendant is presumed innocent unless and until proven guilty beyond reasonable doubt in a court of law.
U.S. Attorney Dena J. King thanked the FBI in Charlotte and the Union County Sheriff’s Office for their investigation of the case. Assistant U.S. Attorney Daniel Ryan of the U.S. Attorney’s Office in Charlotte is prosecuting the case.
Lawrence, a resident of Monroe, North Carolina, faces serious consequences if convicted. The financial impact of her alleged scheme is staggering, with over $2.3 million at stake.
Key Facts
- State: North Carolina
- Category: White Collar Crime
- Source: DOJ Press Release â†â€â€
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