Florida woman charged with embezzling $2 million from former employer | USAO-MDPA

SCRANTON — The United States Attorney’s Office for the Intermediate District of Pennsylvania announced today that 52-year-old Catherine Latoski, formerly of Exeter, Pennsylvania and currently a resident of Davenport, Florida, has been charged in a criminal report of having committed electronic fraud.

According to U.S. Attorney Gerard M. Karam, the information alleges that Latoski was the director of accounting services at a for-profit educational institution based in Scranton. From November 2016 until his firing in June 2021, Latoski allegedly charged around $2,000,000 in personal expenses on company credit cards issued by his former employer, spending the funds on vacations, timeshares and cruises. Disney, in personal utility bills and shopping expenses, her child’s college tuition expenses, and to fund the personal businesses of herself and her family members who sell health and of beauty. Latoski then used his position as an accountant to facilitate the reimbursement of credit card charges by his former employer, including creating false entries in the company’s books and records to conceal the expenses.

The United States relinquishes five Disney timeshares purchased by Latoski using stolen funds and held in the name of his family members.

The case was investigated by the Federal Bureau of Investigation. Assistant U.S. Attorney Phillip J. Caraballo is prosecuting the case.

The maximum penalty under federal law for the offense is 30 years in prison, a period of supervised release after imprisonment and a fine. A sentence following a finding of guilt is imposed by the judge after consideration of applicable federal sentencing laws and federal sentencing guidelines.

Criminal information is only an allegation. All accused persons are presumed innocent unless and until found guilty by a court.

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