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Date: 02-13-2019

Case Style:

United States of America v. Teresa Denise Schneider

Case Number: 1:18-cr-00228-LCB

Judge: Loretta C. Biggs

Court: United States District Court for the Middle District of North Carolina (Forsyth County)

Plaintiff's Attorney: Frank J. Chut, Jr.

Defendant's Attorney: Mark Everette Edwards

Description:




Winston-Salem, N.C. - Durham Woman Who Defrauded Elderly Victim Pleads Guilty

Faces Up to 30 Years in Prison and up to $1,000,000 Fine

A woman who embezzled from an older person for whom she was a caretaker pleaded guilty to federal charges.

Teresa Denise Schneider, 52, of Durham, North Carolina, pleaded guilty to one count of bank fraud and one count of wire fraud.

ďWe should honor our elders, not steal from them. Ms. Schneider abused her position of trust as caretaker. We will aggressively pursue those who commit such acts,Ē said U.S. Attorney Martin, adding, ďI commend the Department of Treasury Task Force, NC SBI, and AUSA Chut who worked diligently to make sure this defendant is held accountable for exploiting a vulnerable victim and abusing the trust of the victimís family.Ē

According to court documents, Schneider began caring for the victim in 2010 and continued to do so until the victimís death of natural causes at the age of ninety in 2013. During this time, family members of the victim, who visited almost daily, became concerned about Schneiderís involvement in the victimís finances. In September 2011, a family member instructed Schneider to provide monthly copies of all bank and credit card statements. Schneider complied, but after the victimís death, the family discovered that the account statements Schneider provided had been altered to remove or conceal transfers of funds to Schneider. In total, Schneider embezzled approximately $370,000 from the victim.

Schneiderís main source for converting the victimís funds to her own use involved the victimís credit card. Schneider transferred funds from the victimís deposit and investment accounts to overpay wildly the credit card by tens of thousands of dollars. Schneider then converted this money in two ways. First, she made numerous unauthorized purchases on the card, including paying for spa treatments, travel, college tuition, dining, and expensive shopping sprees at department stores. Second, Schneider used a direct transfer feature of the credit card to transfer over $100,000 to her personal bank account.

Schneider knew that she was not entitled to these funds and not authorized to make these transfers.

The sentencing is set for July 18, 2019, at 9:30 a.m. in Winston-Salem. Schneider faces up to thirty years in prison, a fine of up to $1,000,000, and supervised release of not more than five years following release from prison. At sentencing Schneider will also be ordered to pay restitution.

This case was investigated by the United States Department of Treasury Office of Inspector General Task Force and the North Carolina State Bureau of Investigation. Assistant

Elder abuse includes physical abuse, caregiver neglect, financial exploitation, psychological abuse, sexual abuse, and abandonment. Since President Trump signed the bipartisan Elder Abuse Prevention and Prosecution Act into law, the Department of Justice has participated in hundreds of enforcement actions in criminal and civil cases that targeted or disproportionately affected seniors. Elder fraud complaints may be filed with the FTC at www.ftccomplaintassistant.gov or at 877-FTC-HELP.


Charge:


18:1341; Mail fraud
(1)
18:1344(2); Bank fraud
(2)
18:1343; Wire fraud
(3)
18:1341; Mail fraud
(4)
18:1344(2); Bank fraud
(5)
18:1343; Wire fraud
(6)
18:1344(2); Bank fraud
(7-8)
18:1341; Mail fraud
(9)
18:1343; Wire fraud
(10)
18:1344(2); Bank fraud
(11)
18:1344(2); Bank fraud
(12)
18:1343; Wire fraud
(13)
18:1028A(a)(1); Aggravated identity theft
(14)

Outcome: 02/09/2019 21 SEALED DOCUMENT by USA as to TERESA DENISE SCHNEIDER (Attachments: # 1 Exhibit Medical records, # 2 Exhibit Medical records, # 3 Exhibit Medical Records, # 4 Exhibit Medical records, # 5 Exhibit Medical records)(EDWARDS, MARK) (Entered: 02/09/2019)

Plaintiff's Experts:

Defendant's Experts:

Comments:



 
 
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