Angela Womack Sentenced In Federal Court To Wire Fraud

4:15 PM, Jan 22, 2014   |    comments
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GREENSBORO, N.C.-- A Jamestown woman is heading to prison after being convicted and sentenced in federal court on fraud charges.

According to the United States Middle District Attorney Ripley Rand, Angela Womack, 51, received a prison term on multiple counts of wire fraud and money laundering.

Court documents state Womack worked as the Accounts Payable Manager of Carolina Steel Group, LLC located in Guilford County.     US Attorney Rand said while Womack was working at Carolina Steel Group, she opened non-profit accounts in the name of "IBOCF." Her employer was unaware that she had those accounts, records show. Womack created vendor checks payable to "International BOCF" even though this company was not a vendor to Carolina Steel Group, and also caused additional checks payable to "International BOCF" to be included on the company's vendor reports, Rand said.

He also said Womack ensured that banks would honor the company's checks (including the fraudulent ones) by uploading additional fraudulent reports to a financial clearinghouse website. She also changed accounting entries to make the checks appear to be written to legitimate vendors of the company. Rand also said she altered internal accounting data using another employee's access codes and deposited fraudulent checks into the "IBOCF" account and used the money for her own benefit.

Womack was sentenced last week to 70 months in prison followed by three years of supervised release. She was also ordered to pay restitution of $2,857,201.85 and a special assessment of $300.00. Womack was ordered to begin her sentence no later than March 7.

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