Orlando, Florida - Kathryn Smith (58, Lake Mary) has pleaded guilty to wire fraud in a scheme to steal over $470,000 from her employer. Smith faces up to 20 years in federal prison, and will be ordered to pay restitution. Sentencing is scheduled for Sept. 29, 2020.
According to court documents, Smith worked at a title insurance company located in Orlando, Florida. From December 2012, to May 2019, Smith embezzled $472,765.95 from the title insurer by using her access to the company’s bank accounts to transfer funds into accounts for which she had control, and by writing checks to herself without any authorization. In addition, Smith used funds from the title insurer to pay some of her personal credit cards charges, insurance for her adult child, and other miscellaneous amounts to which she was not entitled.
This case was investigated by the Federal Bureau of Investigation. It is being prosecuted by Assistant United States Attorneys Amanda Daniels and Roger B. Handberg.
Source: U.S. Department of Justice, Office of the United States Attorneys
