STATESVILLE, N.C. (AP) — A former CEO has been charged with embezzling greater than $15 million from her employer and utilizing stolen cash to pay for a lavish life-style, together with journey, jewellery and household weddings, in keeping with federal prosecutors.
Donna Osowitt Steele, of Taylorsville, North Carolina, additionally used stolen cash to fund private companies run by her household, in keeping with a courtroom submitting Friday by U.S. Legal professional Dena King’s workplace.
Steele is charged with one rely of wire fraud. On-line courtroom information do not listing an legal professional for her or a date for an preliminary courtroom look.
The corporate that employed Steele is not named within the courtroom submitting. However prosecutors mentioned it is a subsidiary of a overseas company and makes carbide merchandise utilized in noticed blades for the woodworking trade. The corporate house owners dwell abroad, the submitting says.
Steele joined the corporate in 1999 and was serving as its CEO when she was fired in January 2020.
Prosecutors mentioned Steele used firm bank cards, checks and wire transfers to steal firm funds. She allegedly charged roughly $255,000 for stays on the Plaza Resort in New York Metropolis, greater than $500,000 for jewellery, over $200,000 for household marriage ceremony bills and greater than $100,000 for flowers.
Steele additionally transferred greater than $350,000 in embezzled cash to a high-end clothes and furnishings enterprise that she operated referred to as Opulence by Steele, in keeping with the courtroom submitting.
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