Lisa G. Gadberry, a former Somerset Pulaski County Development Foundation Manager, has pleaded guilty to wire fraud in Kentucky.
According to the plea agreement, from November 5, 2012, through May 15, 2019, Gadberry devised a scheme to defraud the organization by means of materially false and fraudulent representations and promises. She utilized the SPCDF credit card for numerous unauthorized personal expenses, including personal vacations, retail purchases, gasoline, electricity, cell phone, restaurants, and entertainment expenses, and concealed her scheme by paying the bill out of an account the Pulaski Fiscal Court, the SPCDF Board, and the CPA for SPCDF did not regularly control or monitor.
In total, Gadberry charged $142,874.69 in personal charges to the card. Gadberry will be sentenced on a date yet to be scheduled by the Court. She faces a maximum of 20 years in prison and will also be required to pay a $142,874.69 money judgement.
The investigation was conducted by the FBI, and Assistant U.S. Attorney Kate Smith is prosecuting the case on behalf of the United States. Carlton S. Shier, IV, United States Attorney for the Eastern District of Kentucky, and Michael E. Stansbury, Special Agent in Charge, FBI, Louisville Field Office, jointly announced the guilty plea.
Gadberry’s scheme was uncovered after an investigation by the FBI, and her guilty plea brings an end to the case. The sentence will be imposed by the Court after its consideration of the U.S. Sentencing Guidelines and the federal sentencing statutes.
This case serves as a reminder of the importance of accountability and transparency in public organizations. Gadberry’s actions were a breach of trust, and her guilty plea is a step towards justice.
The case is a reminder that public officials and employees have a responsibility to act with integrity and honesty. Gadberry’s guilty plea is a warning to others who may consider similar actions.
Key Facts
- State: Kentucky
- Category: Fraud & Financial Crimes
- Source: DOJ Press Release â†â€â€
ðŸâ€Â’ Get the grimiest stories delivered weekly. Subscribe free →
MORE FEDERAL CRIME NEWS
US NewsUS NewsUS NewsUS News