N.C. – A woman who embezzled from an older person for whom she was a caretaker pleaded guilty to federal charges on Friday, February 8, announced United States Attorney Matthew G.T. Martin for the Middle District of North Carolina.
Denise Schneider, 52, of Durham, North Carolina, pleaded guilty to one
count of bank fraud and one count of wire fraud, in front of the
Honorable Loretta C. Biggs, United States District Judge for the Middle
District of North Carolina.
“We should honor our elders, not
steal from them. Ms. Schneider abused her position of trust as
caretaker. We will aggressively pursue those who commit such acts,” said
U.S. Attorney Martin, adding, “I commend the Department of Treasury
Task Force, NC SBI, and AUSA Chut who worked diligently to make sure
this defendant is held accountable for exploiting a vulnerable victim
and abusing the trust of the victim’s family.”
According to court
documents, Schneider began caring for the victim in 2010 and continued
to do so until the victim’s death of natural causes at the age of ninety
in 2013. During this time, family members of the victim, who visited
almost daily, became concerned about Schneider’s involvement in the
victim’s finances. In September 2011, a family member instructed
Schneider to provide monthly copies of all bank and credit card
statements. Schneider complied, but after the victim’s death, the family
discovered that the account statements Schneider provided had been
altered to remove or conceal transfers of funds to Schneider. In total,
Schneider embezzled approximately $370,000 from the victim.
main source for converting the victim’s funds to her own use involved
the victim’s credit card. Schneider transferred funds from the victim’s
deposit and investment accounts to overpay wildly the credit card by
tens of thousands of dollars. Schneider then converted this money in two
ways. First, she made numerous unauthorized purchases on the card,
including paying for spa treatments, travel, college tuition, dining,
and expensive shopping sprees at department stores. Second, Schneider
used a direct transfer feature of the credit card to transfer over
$100,000 to her personal bank account.
Schneider knew that she was not entitled to these funds and not authorized to make these transfers.
sentencing is set for July 18, 2019, at 9:30 a.m. in Winston-Salem.
Schneider faces up to thirty years in prison, a fine of up to
$1,000,000, and supervised release of not more than five years following
release from prison. At sentencing Schneider will also be ordered to
This case was investigated by the United States
Department of Treasury Office of Inspector General Task Force and the
North Carolina State Bureau of Investigation. Assistant United States
Attorney Frank J. Chut, Jr. prosecuted the case.
includes physical abuse, caregiver neglect, financial exploitation,
psychological abuse, sexual abuse, and abandonment. Since President
Trump signed the bipartisan Elder Abuse Prevention and Prosecution Act
into law, the Department of Justice has participated in hundreds of
enforcement actions in criminal and civil cases that targeted or
disproportionately affected seniors.
Full Article & Source:
North Carolina News: Durham Woman, Teresa Denise Schneider Who Defrauded Elderly Victim Pleads Guilty