By DANIEL HERATY
DEARBORN – A Dearborn woman has pled guilty to embezzlement charges after stealing more than $400,000 from her employer.
Tracy McInchak, a former office manager at an investment bank in Detroit, pled guilty July 28 to embezzlement and filing a false tax return.
According to a plea agreement filed in January, McInchak, 39, stole $462,000 from WY-Campbell & Company, a subsidiary of Comerica Bank, by writing company checks to herself and credit card companies to pay her expenses. Between August 2004 and March 2010, she wrote checks for up to $6,000 at a time – often several times per month. In addition, she knowingly did not claim about $224,000 in stolen money on her 2009 tax return.
She is scheduled to be sentenced at 2 p.m. December 6 by United States District Court, Eastern District Judge Robert Cleland. She faces a maximum of 33 years in prison and a fine of about $1 million, followed by a mandatory supervised release term, similar to parole, of no more than three years on each charge. Internal Revenue Service Criminal Investigation spokesman Stephen Moore said the prison term is a recommendation to the judge who will have the final say.
As part of her plea agreement, McInchak is required to pay full restitution to the bank.
“No matter what the source, all income is taxable,” Internal Revenue Service Criminal Investigation Special Agent in Charge Erick Martinez said in a statement. “The prosecution of individuals who willfully take from others what is not theirs will get the full attention of the IRS Criminal Investigation Division.”
IRS Criminal Investigation spokeswoman Special Agent Yolanda Pearson declined to elaborate on further action until the sentence is handed down.
(Daniel Heraty can be reached at [email protected].)