Woman sentenced to federal prison for embezzling $270,000

Woman sentenced to federal prison for embezzling $270,000

URBANA — A Sullivan woman has been sentenced to 38 months in federal prison for embezzling more than $270,000 from her Coles County employer.

Chief U.S. District Judge Michael P. McCuskey sentenced Tami I. Loy, 51, of Sullivan last week to three years and two months in prison after she pleaded guilty on April 4 to one count each of mail fraud, tax evasion and making false statements related to documents required by the Employee Retirement Income Security Act.

McCuskey also ordered Loy to pay $271,994 in restitution to her former employer.

According to court documents, Loy admitted embezzling more than $270,000 from 2002 to 2007 from the Mattoon Eye Center in Mattoon, where she had worked as an office manager. Some of the money that she embezzled was intended for the company's employee profit-sharing plan.

Sharon Paul, spokeswoman for the U.S. attorney's office, said Loy admitted creating phony accounts and falsifying bank statements and profit-sharing statements to carry out the scheme and to help conceal the embezzlement. Paul said Loy was fired in 2008.

About $20,000 that the U.S. Postal Inspection Service seized from Loy's personal bank account will be applied to the restitution she owes.

Loy also agreed to cooperate with the Internal Revenue Service for the collection of more than $62,000 of taxes due, plus interest and penalties.

Loy is scheduled to begin serving her sentence on Dec. 14.

Paul said the case was investigated by the Mattoon Police Department, the criminal investigation division of the Internal Revenue Service, the U.S. Department of Labor's Office of Inspector General and the U.S. Postal Inspection Service.

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