Financial Fraud: Deborah Yosick Sentenced For Wire Fraud And Income Tax Evasion

Financial Fraud
Accountant Sentenced for Embezzling More Than $1 Million

Accountant Sentenced for Embezzling More Than $1 Million

DAYTON – Deborah Yosick, 61, currently of Davenport, Fla., was sentenced in U.S. District Court to 51 months in prison for embezzling more than $1 million. She pleaded guilty in November to one count each of wire fraud and income .

Benjamin C. Glassman, United States Attorney for the Southern District of Ohio, Frank S. Turner II, Acting Special Agent in Charge, Internal Revenue Service Criminal Investigation (IRS), and Angela L. Byers, Special Agent in Charge, (FBI), Cincinnati Field Division, announced the sentence handed down yesterday evening by Senior U.S. District Judge Walter H. Rice.

According to court documents, Yosick embezzled from her employer, Donald C. Wright Investments, LLC and its sister company Don Wright Realty, LLC. Don Wright’s businesses are family-owned and are based in Centerville, Ohio. Don Wright provided various commercial, industrial and residential services in the Dayton area.

Between approximately 1985 and October 2015, Yosick was Don Wright’s accountant and was principally responsible for handling accounts payables and accounts receivables. Yosick was personally responsible for depositing rental receipts (whether they were cash or check) into the appropriate Don Wright .

Yosick embezzled money from Don Wright by using rental payments to pay her personal American Express bill. She did so by initiating ACH transfers from a company bank and used a portion of the cash she embezzled to purchase money orders from supermarkets, Wal-Mart and post offices. She then used the money orders to pay her personal American Express bills. She also paid her personal credit card bill through approximately 70 electronic transfers from a company bank account to American Express.

In total, between 2010 and approximately October 2015, Yosick embezzled approximately $1.1 million from her employer.

Additionally, Yosick attempted to evade paying $255,571 in federal income taxes to the IRS for the 2010, 2011, 2012, 2013 and 2014 income tax years.

As part of her plea agreement, Yosick agreed to pay $1.1 million in restitution to Don Wright and the more than $255,000 to the IRS.

“In the midst of the recession, Deborah Yosick funded a lavish lifestyle of exotic travel by embezzling more than a million dollars from the family-owned company that had trusted her with its accounting for thirty years,” U.S. Attorney Glassman said. “Today’s sentence appropriately punishes her egregious crime of greed.”

U.S. Attorney Glassman commended the law enforcement investigation by the IRS and FBI, as well as Assistant United States Attorney Amy M. Smith, who is prosecuting the case.

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