United States Attorney Beth Drake stated Yvonne Sanchez, age 40, of Chapin, pled guilty in federal court in Columbia to Bank Fraud, a violation of Title 18, United States Code, § 1344. Senior United States District Judge Cameron McGowan Currie, of Columbia, accepted the guilty plea and will sentence her on January 24, 2018.
From July 2014 through June 2016, Sanchez was the bookkeeper for EveryWord, Inc., a court reporting business in the Columbia area. Sanchez opened fake accounts in the name of EveryWord at All South Federal Credit Union. As part of her duties, Sanchez was supposed to be depositing checks made payable to EveryWord into the legitimate business account at First Community. Instead, she diverted the checks into her own accounts for her personal use. Overall, Sanchez defrauded EveryWord of $121,461.76.
Drake stated the maximum statutory penalty faced by Sanchez is imprisonment for thirty years and a fine of $1,000,000.
The United States Department of Homeland Security investigated the case. Assistant United States Attorney Winston David Holliday, Jr., of the Columbia office is prosecuting the case.