In a shocking case of corporate theft, Sue Ann Larson, 63, of Coeur d’Alene, pleaded guilty to wire fraud and filing a false tax return in United States District Court, U.S. Attorney Bart M. Davis announced.
Larson was the long-time bookkeeper for a Coeur d’Alene custom cabinet business and used her position to embezzle at least $697,252.11 between May 2013 and February 2018. She initiated wire transfers from a business account to her personal accounts and created false entries in the business ledgers to cover her tracks.
The financial scheme, which spanned nearly five years, has left the community stunned. Larson’s actions have resulted in significant financial losses for the local business, which will now have to absorb the costs of her betrayal.
Larson’s guilty plea comes with serious consequences. Wire fraud is punishable by up to 20 years in prison, a fine of up to $250,000, and a term of supervised release of up to three years. Filing a false tax return carries a maximum sentence of three years in prison, a fine of up to $100,000, and a term of supervised release of one year.
The case was investigated by the Internal Revenue Service – Criminal Investigations and the Coeur d’Alene Police Department. Sentencing for Larson is set for May 28, 2019, before Senior U.S. District Judge Edward J. Lodge at the federal courthouse in Coeur d’Alene.
The people of Coeur d’Alene are left to wonder how someone in a position of trust could betray it so severely. Larson’s actions serve as a reminder of the importance of accountability and transparency in the workplace.
Stay tuned for further updates on this developing story as more information becomes available.
**MANDATORY FACTS**
Defendant: Sue Ann Larson
Criminal Charges: Wire fraud and filing a false tax return
City and State: Coeur d’Alene, Idaho
Date: May 2013 – February 2018 (crime date)
Sentence: Sentencing set for May 28, 2019
Dollar Amount: At least $697,252.11 embezzled
Key Facts
- State: Idaho
- Category: White Collar Crime
- Source: DOJ Press Release â†â€â€
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