CFO embezzled more than $200,000 from her company AL, feds say



The chief financial officer of an Alabama manufacturing company has been sentenced to two years in prison after the federal government says she embezzled more than $200,000.

Fresno Bee staff photo

An Alabama CFO used her company’s credit cards, payroll and 401(k) correspondence to divert hundreds of thousands dollars over a six-year period to buy household items, write checks and pay personal bills, prosecutors say.

In her job at a manufacturing company in Satsuma, Angela Clifton was responsible for the company’s accounting activities, including payroll and 401(k) plans, according to a Sept. 22 press release from the U.S. District Attorney’s Office. southern Alabama. . In this role, she also had access to several company credit cards.

Investigators say that from 2012 to 2018, Clifton – who also went by Angela Shaw for a time – embezzled more than $200,000 from the business in cash and personal items.

That included using cards to pay his phone bill and making more than $25,000 in purchases on Amazon for items like dog food and a hair straightener, according to the indictment and statement. Press. Clifton, 43, refunded some of that money to the company, federal officials say, but another audit after her resignation found she also wrote bonuses and paychecks to herself and received fraudulently matches 401(k).

Clifton pleaded guilty to three counts of wire fraud and was sentenced to two years in federal prison followed by three years of probation. It will also have to pay full restitution to the company. His attorney did not immediately respond to McClatchy News’ request for comment.

In court, the company’s chief executive said Clifton’s actions “not only hurt the company financially, but also severely damaged the culture of trust that once existed in his small business,” according to the U.S. attorney’s office. . Contact details for the company, whose name was not revealed in court, were not immediately available.

Satsuma is about 15 miles north of Mobile.

Emmalyse Brownstein is a national real-time reporter covering the Southeast. She is an alumnus of the University of Miami, where she was editor of Distraction Magazine. She has reported for Miami New Times, Wine Spectator and more.


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