A federal grand jury in the Western District of Tennessee has indicted Catherine Corrine Daly, a 54-year-old Memphis resident, for embezzling over $1.2 million from a local law firm. The indictment was announced by Reagan Fondren, Acting United States Attorney for the Western District of Tennessee.
According to the indictment, Daly was employed as an office manager at the law firm, granting her access to the firm’s operating account, which was maintained at a Memphis branch of SunTrust Bank. Daly allegedly used the firm’s funds to cover personal expenses on her American Express charge accounts, which included charges for clothing, designer handbags, jewelry, home furnishings, dining, beauty services, and travel.
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The embezzlement scheme is reported to have occurred from June 2019 to October 2021, during which Daly allegedly made multiple payments from the firm’s account directly to her personal American Express bills, totaling $1,289,085.00. Daly faces six counts of violating a federal statute prohibiting the transfer of stolen money in interstate commerce, each punishable by up to 10 years in prison, fines up to $250,000, or both, along with up to three years of court-supervised release.
The United States Secret Service is investigating the case, while Assistant United States Attorney Joe Murphy is handling the prosecution. It is important to note that an indictment is merely an allegation, and all defendants are presumed innocent until proven guilty in a court of law.
For further information, contact the Media Relations Team at USATNW.Media@usdoj.gov. Updates can also be followed on the U.S. Attorney’s Office pages on Facebook and X at @WDTNNews.
Source: Read Original Release