Fairland Woman, Stephanie K. Gragg who Embezzled from her Employer and Signed a False Tax Return Sentenced
(STL.News) A woman who stole nearly $232,000 from her employer over a two-year period and signed a false income tax return pleaded guilty today in federal court, announced U.S. Attorney Trent Shores.
U.S. District Judge John F. Heil III sentenced Stephanie K. Gragg, 45, of Fairland, to 12 months in federal prison followed by one year supervised release. The judge further ordered Gragg to pay restitution in the amounts of $231,964 to Shangri-La Management LLC and $55,036 to the IRS.
“Stephanie Gragg’s corrupt financial shenanigans have earned her the title of convicted felon. Her employer entrusted her with access to corporate funds, and she took advantage of her position to divert corporate money into her personal accounts and to feed a gambling habit,” said U.S. Attorney Trent Shores. “The agents of IRS-Criminal Investigation, in concert with the FBI, are to be commended for their work. From embezzlement to tax crimes to large scale organized crime, they meticulously follow the money to ensure criminals are brought to account for their crimes.”
“Mrs. Gragg’s crimes were not victimless.