CHARLESTON, W.Va. — A Wheeling woman on Monday entered a guilty plea for embezzling nearly $350,000 from her previous employer.
Cindy Shearer, 58, admitted to writing checks from Cane Business Forms & Systems and Precision Printed Products to herself but listing the check as a payment to a legitimate vendor. Shearer was an office manager for Precision Printed Products from April 2013 to December 2019. Cane Business Forms & Systems became Precision Printed Products during Shearer’s time as an employee.
The checks totaled $344,656.29.
Shearer also did not claim the money on her taxes.
Shearer pleaded guilty to counts of wire fraud and filing a false income tax return. She faces up to 23 combined years in prison and fines totaling up to $500,000. Shearer also agreed to pay the IRS restitution worth $54,509.