Cantonment Woman Sentenced To 4.5 Years For Fraud

May 16, 2013

A Cantonment woman has been sentenced  to four and a half  years in federal prison for wire fraud, filing a false tax return, and failing to file a federal income tax return.

Kandi Kay Holden, 43, pled guilty in November 2012 to charges that  she embezzled funds  from her employer and failed to report this money as income on her federal income tax returns.

Between November 2004 and January 2011, Holden was employed in the bookkeeping and accounting department of Cantwell Steel Erectors, Inc., in Pensacola, Florida. Holden used her position there to make unauthorized wire transfers of approximately $282,000 from Cantwell  Steel Erectors’ bank account to various bank accounts that she controlled.

As part of her sentence, Holden was ordered to pay $370,026.43 in restitution to Cantwell Steel Erectors and $90,145.59 in restitution to the I.R.S.

The case was the result of a joint investigation between the FBI and IRS Criminal Investigations, according to U.S. Attorney Pamela C. Marsh.

Comments

3 Responses to “Cantonment Woman Sentenced To 4.5 Years For Fraud”

  1. dlj700 on May 17th, 2013 3:22 pm

    IRS Form 1040 line 21 (other income). For income that you don’t recive a W-2 or 1099. Just thought you should know just in case you ever need it.

  2. mnon on May 17th, 2013 7:18 am

    Now which form do you fill out to pay taxes on your embezzled money? I forget…

  3. Terri Sanders on May 16th, 2013 6:02 pm

    DUH!!! she didn’t have a W-2 from the stolen money to go with her tax return!!!

Written by William Reynolds · Filed Under News