Defendant Sentenced to More Than Three Years in Prison
CHARLOTTE, N.C. – In a brazen scheme that lasted six years, Maureen Barbara Mallon, 67, of Charlotte, swindled her employer out of $730,000 through a mail fraud scheme, resulting in a staggering $737,733 in restitution.
On Tuesday, January 22, 2013, U.S. District Court Judge Frank Whitney handed down a 41-month prison sentence to Mallon, to be followed by three years of supervised release. The sentence was meted out after Mallon pleaded guilty in July 2011 to one count of mail fraud.
Mallon’s scheme began in March 2004, while she was employed as the accounts payable/receivable manager and later office manager at an insurance company in Charlotte. Court records indicate that Mallon’s position gave her full access to the company’s operating account and made her responsible for various administrative and financial tasks, including processing invoices and remitting payments of insurance premiums to insurance companies underwriting client policies for her employer.
Over the course of six years, Mallon issued duplicate insurance premium payments from her employer’s operating accounts, depositing a total of approximately $730,000 into her personal bank account. According to court documents, the duplicate checks were usually made payable to ‘Amwins Brokerage of the Carolinas,’ an underwriting insurance company that did business with Mallon’s employer.
To facilitate the deposit of the fraudulent checks, Mallon changed the name on her personal bank account to ‘Maureen B Mallon DBA Amwins Brokerage,’ court records show. Mallon used the stolen funds for personal expenditures, including vehicle expenses and residential rental payments.
The investigation was handled by the Federal Bureau of Investigation (FBI), with Assistant United States Attorney Mark T. Odulio of the U.S. Attorney’s Office in Charlotte prosecuting the case. Mallon was ordered to self-report to the Federal Bureau of Prisons to begin her sentence upon the designation of a federal facility. All federal sentences are served without the possibility of parole.
Key Facts
- State: North Carolina
- Category: Fraud & Financial Crimes
- Source: DOJ Press Release ↗
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