Shelton woman pleads guilty to embezzling from employer
SHELTON — A city resident pleaded guilty in federal court Wednesday to wire fraud stemming from an embezzlement scheme, officials said.
Barbara J. Buchanan, 60, waived her right to be indicted and entered the guilty plea, according to a news release from the office of U.S. Attorney for Connecticut John Durham.
Buchanan was the payroll manager for an unidentified Connecticut company, where she made false entries and adjustments in the system to wire company funds to her personal ban account from about 2014 to September 2019, authorities said.
She is also accused of making false journal entries in the company’s tax records to try to cover up her fraudulent activity. Through the scheme, authorities said, she embezzled about $220,000 from the company.
Beyond the embezzlement scheme, Buchanan was accused of using a company credit card to make about $40,000 in personal purchases.
She was released on a $100,000 bond pending sentencing, which was scheduled for June 5. At that time, she faces a maximum term of 20 years in prison.
Buchanan agreed to pay restitution of $260,202.52.