Employee Enters Guilty Plea in $700K Fraud, Money Laundering Scheme

A Washington, Missouri, woman entered a guilty plea to several charges related to defrauding her former employer.

According to the United States Attorney’s Office Eastern District of Missouri, Christen Diane Schulte pleaded guilty on Monday to wire fraud, bank fraud and money laundering charges related to a scheme to defraud her former employer, several individuals associated with her former employer, the Berger Levee District of Franklin County, and several financial institutions.

Schulte appeared in federal court before United States District Judge Audrey G. Fleissig who accepted the plea and set her sentencing date for November 10.

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Schulte was a former bookkeeper and office manager of a farm and a trucking company in New Haven, Missouri, according to court documents.

Between January 2018 and February of this year, court documents said Schulte knowingly and intentionally devised and executed a scheme to defraud, and to obtain money from her former employer and others.

The total loss from the scheme is approximately $727,000.

Schulte used the companies’ credit cards for her personal expenditures without permission, according to court documents. She also fraudulently got American Express and FirstBank to issue her new credit cards in the names of the companies. She fraudulently charged more than 1,800 transactions totaling more than $532,000 on these credit cards…  KSDK5 News

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