Phelps woman indicted, accused of embezzling $750K from local employer
The Phelps woman who worked for Finger Lakes Conveyors, Inc. as director of finance from 2013 to 2017 was officially indicted on Tuesday.
Karen Owens, 54, was indicted on charges of wire fraud and bank fraud. She’s accused of embezzling over $750,000 in funds from FLC’s bank account.
She wrote 550 unauthorized checks to herself in order to pay off her and her husband’s credit cards, according to prosecutors.
In an effort to conceal the unauthorized checks, prosecutors say Owens would falsely record them in the business ledger as payments to FLC’s vendors.
A conviction would mean up to 30 years in prison for Owens, as well as a $250,000 fine.
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