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Date: 10-12-2019
Case Style:
United States of America v. Penni Sherman, a/k/a Penni Parker
Case Number:
Judge: Not Available
Court: United States District Court for the District of Connecticut (Fairfield County)
Plaintiff's Attorney: Jennifer R. Laraia
Defendant's Attorney:
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Description:
New Haven, CT - Norwalk Bookkeeper Pleads Guilty to Fraud and Tax Offenses
Penni Sherman, also known as Penni Parker, 52, of Norwalk, waived her right to be indicted and pleaded guilty in Bridgeport federal court to fraud and tax offenses stemming from an embezzlement scheme.
According to court documents and statements made in court, Sherman operated PSP Accounting & Bookkeeping, and provided bookkeeping services to area businesses. Between 2011 and 2018, Sherman stole a total of $418,197.09 from clients and used the funds to pay her own credit card bills and to cover other personal expenses, including salon services.
Sherman failed to report the embezzled funds, and certain other business receipts, on her federal income tax returns, resulting in a loss of $125,167 to the Internal Revenue Service.
Sherman pleaded guilty to one count of wire fraud, which carries a maximum term of imprisonment of 20 years, and one count of making and subscribing a false tax return, which carries a maximum term of imprisonment of three years. As part of her plea agreement, Sherman has agreed to make full restitution to victims and to the IRS.
When confronted about the embezzlement, Sherman returned $163,730 to one of her victims, from whom she had stolen more than $396,000.
This matter is being investigated by the Internal Revenue Service – Criminal Investigation Division and U.S. Immigration and Customs Enforcement’s Homeland Security Investigations (HSI).
Outcome: Guilty
Plaintiff's Experts:
Defendant's Experts:
Comments: