Former finance manager stole more than $600,000 from Summerville company, grand jury says
A Summerville company’s finance manager embezzled more than $600,000 over a six-year period, a federal grand jury charged in an indictment this week.
According to the indictment, Kay Infinger Day, 48, of Summerville siphoned off the money when she worked for Lauscha Fiber International between 2005 and 2011.
The indictment claims that Day fabricated company expenses and reimbursements, then wired payments for the fake expenses from the company bank account to her own S.C. Federal Credit Union account as direct deposits.
The grand jury indicted her on five counts of wire fraud based on more than $37,300 in funds she allegedly transferred electronically between April 23, 2010, and Dec. 29, 2011.
The indictment is demanding repayment of $625,175 plus interest.
The papers were filed Tuesday in U.S. District Court in Charleston.
Comments { }
Postandcourier.com is pleased to offer readers the enhanced ability to comment on stories. We expect our readers to engage in lively, yet civil discourse. Postandcourier.com does not edit user submitted statements and we cannot promise that readers will not occasionally find offensive or inaccurate comments posted in the comments area. Responsibility for the statements posted lies with the person submitting the comment, not postandcourier.com. If you find a comment that is objectionable, please click "report abuse" and we will review it for possible removal. Please be reminded, however, that in accordance with our Terms of Use and federal law, we are under no obligation to remove any third party comments posted on our website. Read our full Terms and Conditions.