A former general manager of a Missouri company has admitted to embezzling $878,000 from her employer. Kristina Higgins, 54, pleaded guilty on Wednesday to eight counts of bank fraud and agreed to repay the stolen funds.
According to court documents, Higgins issued company checks totaling $878,711 to pay off her personal credit card bills. She used a stamp with the company owner’s signature to authorize these payments. In December 2022, she also falsified information so that the fraudulent checks would be accepted when the company enrolled in its bank’s positive pay system.
Higgins is scheduled for sentencing on December 4. The charge of bank fraud carries a maximum penalty of up to 30 years in prison and a fine of up to $1 million.
The case was investigated by the FBI and is being prosecuted by Assistant U.S. Attorney Justin Ladendorf.
