A Michigan woman has pleaded guilty to embezzling almost half-a-million dollars from the investment bank she worked at as an office manager.
United States Attorney for the Eastern District of Michigan Barbara L. McQuade said Tracy McInchak, 39, of Dearborn pleaded guilty Friday to an indictment charging her with embezzlement and making a false statement on a federal tax return.
According to court documents, from August 2004 until March 2010, McInchak, an office manager at WY-Campbell, an investment bank in Detroit, embezzled approximately $462,000 by writing corporate checks to herself and to credit card companies to pay personal expenses. Over the 6-year period, checks were created for up to $6,000, several times a month. McQuade said McInchak also knowingly failed to report more than $224,000 of her embezzled monies on her 2009 federal income tax return.
Embezzlement carries the maximum penalty of 30 years imprisonment and a fine of $1 million. Making a false statement on a federal tax return carries the maximum penalty of 3 years imprisonment and a fine of $100,000.
McInchak is scheduled to be sentenced on Dec. 6.