Thomas C. Albus, Lawyer | U.S. Attorney' Office for the Eastern District of Missouri
Thomas C. Albus, Lawyer | U.S. Attorney' Office for the Eastern District of Missouri
A former general manager of a Missouri company has admitted to embezzling $878,000 from her employer. Kristina Higgins, 54, pleaded guilty to eight counts of bank fraud in federal court on Wednesday and agreed to repay the stolen funds.
According to her plea agreement, Higgins issued company checks totaling $878,711 to pay off personal credit card bills. She used a stamp with the company owner’s signature for these transactions. In December 2022, she also falsified information so that the fraudulent checks would be honored after the company enrolled in its bank’s positive pay system.
Higgins is set for sentencing on December 4. The charge of bank fraud carries a potential sentence of up to 30 years in prison and a fine that could reach $1 million.
The Federal Bureau of Investigation investigated the case. Assistant U.S. Attorney Justin Ladendorf is handling the prosecution.
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