Savannah, Mo. Former Treasurer Faces 52 Federal Charges of Fraud
Savannah, Mo. Former Treasurer Faces 52 Federal Charges of Fraud
A woman is currently being charged of 52 federal offenses after she illegally got her hands on over $900,000.
Vicky D McDonell, a 61 year old is facing the federal grand jury for allegedly obtaining cash illegally from two companies from Savannah, Mo. She will soon be facing complaints of fraud; 44 of them are wire fraud, 4 are bank frauds, 3 mail fraud and aside from fraud she is facing a count for false statement. McDonell is looking at 75 years imprisonment if she is proven guilty of all the offenses.
The documents in court say that McDonell started to loot from the companies since 1997 when she held the position of treasurer and also a partner to MPC Billboards Inc. and Max Pro Consultants Inc.
These two companies are operational in Savannah, Mo., and are owned of business men Guy Defenbaugh, Fred Ramsay and James Morten.
According to the court, McDonell held the books of the companies, she also oversaw the operations in the office, she took head of the financial department, took care of the bills and billed and collected the account receivables from customers. She did all the financials for the companies without the supervision of the three owners; they had trusted everything to her completely.
The accused treasurer is being suspected of having written herself checks from the business to take care of her personal expenditures. These include her automobile payments, renovation and landscape makeover of her house, and even gifts. She also had unauthorized loans and checks written to her children and her mother for over $35,000 she has done this for almost 12 years.
Moreover, Ms. McDonell was said to have used the credit card of the company to pay for her own expenses and arranged that the cash statements would be mailed to her home address.
It was also said that she may have overpaid her own salary by $392,695. According to the FBI, she has given confessions to stealing some of the money. If she is proven guilty she is going to have to relinquish properties that she had gotten from the scheme and proceeds from $906,425.25 with interest.
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