A federal court sentenced a southern Indiana woman to five years in prison for embezzling more than $1.8 million from her employer.
Marcie Jean Doty, 47, from Evansville admitted to committing wire fraud, not filing tax returns, and submitting false tax returns.
Doty, an operations manager for a property management business in Evansville, carried out a wire fraud scheme for five years, from May 2017 to June 2022. During this time, she illicitly obtained over $1.8 million from her employer through unauthorized checks and electronic transfers, as reported by the U.S. Attorney’s Office Southern District of Indiana.
Doty made 99 unauthorized electronic transfers, amounting to $503,151.59, and wrote 279 stolen checks totaling $1,300,314.79 during this period. The funds were taken from her employer’s account and deposited directly into her personal bank accounts.
In January 2017, the scheme persisted as Doty agreed to buy a 25% equity share in her employer’s business. She utilized some of the stolen funds to contribute towards her purchase.
From 2018 to 2020, she deliberately omitted reporting $786,280.70 in income from the fraudulent scheme, leading prosecutors to charge her with filing false tax returns. Additionally, she neglected to file taxes for 2021 and 2022, failing to disclose $1,006,983.84 in earnings.
“Through the defendant’s egregious scheme, she used her position of trust to lie, cheat, and steal from her employer and the government- helping herself to millions and cooking the books to hide the evidence,” John E. Childress, Acting United States Attorney for the Southern District of Indiana, said. “Fraud and embezzlement can have devastating effects on both individual victims and companies. The federal prison sentence imposed here demonstrates that those who commit financial crimes will pay a serious price.”
