A Petaluma accountant has been indicted by a federal grand jury with bank fraud, embezzlement and tax evasion.
Stephanie Simontacchi, 48, is accused of using her position to victimize two former employers and is suspected of embezzling at least $ 821,363, the US Department of Justice said Monday.
She was arrested on June 25 and charged with seven counts of bank fraud, seven counts of embezzlement and embezzlement of credit union funds and four counts of tax evasion.
Simontacchi was arraigned Monday in federal court and her next court appearance is scheduled for July 15.
Simontacchi is accused of embezzling at least $ 384,363 in funds from or owed to Cavallo Point Lodge, a hotel near Sausalito, during his employment from December 2009 to April 2016, according to the DOJ.
She worked as an accountant and assistant controller and had access to accounting records and systems and “also had signing authority over Cavallo Point Lodge bank accounts which gave her the authority to create and sign checks from bank accounts. of the hotel and to pay the hotel’s legitimate payments and obligations, ”according to the DOJ.
Simontacchi allegedly embezzled funds by stealing third-party checks and deposited them into his personal bank account. She is also accused of depositing checks that the hotel wrote to third parties.
From April 2016 to April 2019, Simontacchi worked for Redwood Credit Union as a Senior Accountant and Accountant. She is accused of embezzling $ 437,000 from this business.
While there, her responsibilities included processing canceled checks and communicating with a vendor regarding issues with funding and voiding those checks.
According to the DOJ, Simontacchi also had access to checks made out and made payable to the credit union.
She is also accused of embezzling checks, including reimbursement checks from the US Treasury Department and the State of California.
Authorities said the diverted proceeds were used for personal expenses, which included payments intended for a home equity line of credit, according to the DOJ.
Simontacchi is also accused of failing to pay taxes on additional unreported income in 2015, 2017, 2018 and 2019.
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