Thursday, August 14, 2014
Former Wilhelmsen employee indicted for embezzling $4.1M
A former employee of Wilhelmsen Ships Service Inc., Kathleen Creel, has been charged with defrauding the company and causing a loss of over $4.1 million, according to U.S. Attorney Kenneth Magidson.
The indictment, returned under seal April 9, was unsealed Sunday when Creel was arrested by federal officials in New York. She made her initial appearance there and is next set to appear in Houston.
The indictment alleges that from at least June 2003 through approximately August 2009, Creel embezzled more than $4.1 million from Wilhelmsen bank accounts.
Wilhelmsen employed Creel as the company's customs and tax manager and she had access to sensitive fiscal information, including billing records and bank account information for Wilhelmsen vendors. The indictment alleges that Creel carried out the crime by creating fake invoices from two Wilhelmsen vendors.
Creel is charged with 10 counts of wire fraud, based on the wire transfers into her bank account. If convicted, she faces up to 20 years in federal prison on each count as well as a $250,000 maximum fine or twice the pecuniary gain/loss.
For more of the Memorial Examiner story: yourhoustonnews.com
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