Past Company President and CFO Indicted on Money Laundering Charges
The U.S. Attorney for the Eastern District of California recently announced that Peggy Kaye Witts, 59, of Redding, California, has been charged in an indictment with mail fraud, wire fraud, false filing of a pension plan document, money laundering, tax evasion and forfeiture of her house in Redding arising out of her alleged embezzlement of over $850,000 from the Voorwood Company, Inc., of which she was President and Chief Financial Officer. The indictment charges that Witts allegedly issued duplicate paychecks to herself for over four years and other checks to family members. The money laundering charge stems from the allegation that Witts engaged in financial transactions greater than $10,000 with stolen money.
See the full release here.