A woman from Addis, Louisiana, has been sentenced to prison for her role in a wire fraud scheme that targeted her former employer, Campbell Companies.
Renee Elise Beard, 50, was found guilty of wire fraud in violation of Title 18, United States Code, Section 1343. The scheme, which took place between 2008 and 2012, involved Beard using her position as business manager to make unauthorized transfers from a Campbell Companies’ business bank account to her personal bank accounts.
Beard’s actions resulted in her fraudulently obtaining approximately $251,596 to which she was not entitled. She used wire communications to execute her scheme, including online banking transactions and payments to herself.
On December 2, 2013, Beard pleaded guilty to the charges against her. She was sentenced to 27 months in prison and a term of 2 years on supervised release following her imprisonment. Beard was also ordered to pay restitution in the amount of $295,587 to the victim of her fraud and to forfeit $251,596 to the United States.
The case was investigated by the Federal Bureau of Investigation and was prosecuted by Assistant United States Attorney Rene I. Salomon.
United States Attorney Walt Green stated that corporate fraud is inexcusable and often perpetrated by insiders who abuse the trust afforded to them. He pledged that his office would continue to aggressively pursue such matters.
Beard’s sentence serves as a reminder that those who engage in financial crimes will be held accountable for their actions. Her case highlights the importance of protecting company assets and preventing insider theft.
Related Federal Cases
- Michael David Pitts, Wire Fraud, Louisiana 2014 · Louisiana
- Leonard James McMorris, Wire Fraud Conspiracy, Louisiana 2007 · Louisiana
- Wade Barbay, Wire Fraud, Louisiana 2016 · Louisiana
- Angie Cambre, Wire Fraud, Louisiana 2016 · Louisiana
- Richard Walter Borek Jr., Wire Fraud, Louisiana 2016 · Louisiana
Key Facts
- State: Louisiana
- Category: White Collar Crime
- Source: DOJ Press Release â†â€â€
ðŸâ€Â’ Get the grimiest stories delivered weekly. Subscribe free →
MORE FEDERAL CRIME NEWS
White Collar CrimeWhite Collar CrimeWhite Collar CrimeWhite Collar Crime