An accounts payable clerk who was accused of stealing $1.2 million from her employer was arraigned last week in a Massachusetts court. She is accused of using the money to fund a lavish life of luxury.
According to an article published in the Salem News, 39-year-old Tracy Sutley pleaded not guilty to charges of embezzlement. She is currently being held on $250,000 bond on fears that she might flee if released.
The charges allege that Sutley, AP clerk for Ipswich, Mass.-based Weir Valves and Controls, embezzled $1.2 million over five years. She is accused of carrying out the fraud by redirecting company payments to her personal accounts.
Auditors first discovered the fraud when they stumbled upon a $436 charge on her American Express corporate card for a personal hotel stay. The Salem News article states that Sutley offered to reimburse the company the $436 after she was questioned. She then sent in a check and never returned to work.
In the days that followed, auditors continued to research Sutley and discovered dozens of fraudulent transactions, including $400,000 redirected to her personal account to pay for credit card bills.
Prosecutors allege that Sutley used the embezzled money to fund a lavish lifestyle, which includes family vacations to Disney World and Europe, designer clothes, private school tuition for her daughter, and a $290,000 house with elaborate landscaping. However, Sutley told others that her spending habits were due to an inheritance from her recently -deceased mother. The only problem with that story is that her mother is alive. Sutley purchased a fake obituary in a local newspaper.
The court set Sutley’s bail at $250,000 to prevent her from fleeing. The news article states that she had been researching travel to countries without extradition treaties with the U.S. and recently applied for a new passport.
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