Woman who stole from condo owners association gets 2.5-year prison term - KY3
A judge on Tuesday also ordered Sarah Underwood, 36, to pay $311,280 in restitution to Fall Creek Condominium and $95,008 in restitution to the Internal Revenue Service, for total restitution payments of $406,288. . Underwood pleaded guilty last... Fall Creek and its owners association has 639 condominiums owned by individuals and under its association. Investigators say Underwood’s wire fraud, money laundering scheme, and tax fraud extended over two years and totaled $406,288 in losses to her employer and the government. Underwood conducted numerous unauthorized electronic bank transfers and wrote $311,280 in unauthorized checks from the bank accounts of the Fall Creek Condominium Owner’s Association over a two-year period. Underwood deposited these checks into her bank accounts and spent the money on personal expenses and purchasing luxury items. Underwood admitted, for example, that she spent $76,287 to purchase a Shelby Mustang and used $25,505 to purchase a condominium at Fall Creek. Underwood used a cashier’s check written on her employer’s bank account to purchase a 2012 Ford F350 Super Duty 4X4 Crew Cab Truck for $56,169. The truck was registered to Mstrmind Enterprises, a company owned by her and her. Source: www.ky3.com
