Gregory J. Haanstad, the United States Attorney for the Eastern District of Wisconsin, announced that on May 12, 2017 Lynette Lomibao (age:46) of Sheboygan pleaded guilty to a two-count information charging her with making a false statement on Internal Revenue Service (IRS) Form 1040 in violation of Title 26, United States Code, Section 7206(1) and wire fraud in violation of Title 18, United States Code, Section 1343.
According to information in the plea agreement, Lomibao was employed by Beaudry Electric Motors (BEM), in Sheboygan, Wisconsin. In connection with her employment as office manager, Lomibao used her position to embezzle $431,690 in company funds. Lomibao then under-reported her income to the IRS.
As part of the plea agreement, Lomibao agreed to pay restitution of $431,690 for embezzled funds and $127,222 in back taxes to the IRS. She faces up to twenty-three years’ imprisonment and a $250,000 fine. Lomibao’s sentencing is scheduled for August 2017.
This case was investigated by IRS Criminal Investigation. The case is being prosecuted by Assistant United States Attorney Christopher Ladwig. #
For further information contact:
Public Information Officer Dean Puschnig at (414) 297-1700
Source: U.S. Department of Justice, Office of the United States Attorneys
