A former general manager of a Missouri company has admitted to embezzling $878,000 from her employer. Kristina Higgins, 54, pleaded guilty on Wednesday to eight counts of bank fraud and agreed to repay the money.
According to court documents, Higgins issued company checks totaling $878,711 to pay her personal credit card bills. She used a stamp with the company owner’s signature on these checks. In December 2022, she also falsified information so that the checks would be honored when the company enrolled in its bank’s positive pay system.
Higgins is scheduled for sentencing on December 4. The charge of bank fraud carries a maximum penalty of 30 years in prison, a fine up to $1 million, or both.
The FBI conducted the investigation. Assistant U.S. Attorney Justin Ladendorf is prosecuting the case.
