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Date: 02-26-2020
Case Style:
Case Number: 3:19-cr-00202
Judge: William L. Campbell, Jr.
Court: United States District Court for the Middle District of Tennessee (Davidson County)
Plaintiff's Attorney: Kathryn Booth and Stephanie N. Toussaint
Defendant's Attorney:
Description: Nashville, TN - United States of America charged Ilaine T. Newby with embezzlement.
Ilaine T. Newby, 51, of Antioch, Tennessee, was sentenced Friday to 12 months and 1 day in prison for embezzling over $206,000 from a Smyrna, Tennessee-based company, announced U.S. Attorney Don Cochran for the Middle District of Tennessee. U.S. District Judge William L. Campbell, Jr. also imposed six months of home confinement at the conclusion of the sentence and ordered Newby to pay $147,289 in restitution to the victim company. Newby was charged in August 2019 and pleaded guilty in October to three counts of wire fraud.
According to Court documents, Newby was the comptroller of a company in Smyrna, Tennessee identified as C.A. As such, she was responsible for the company’s financial affairs, including managing the monthly financial reports, the profit and loss statements, Quickbooks entries, accounts payable, accounts receivable, and the company bank accounts and company credit card accounts. From November 2014 through June 2018, Newby embezzled approximately $206,000 by using company credit cards to pay personal expenses and using the company’s bank accounts to make payments to her own personal credit cards. Newby admitted she used the funds for personal expenditures, such as purchasing a Jeep Liberty and paying tuition to the University of Arizona. Newby concealed her fraud by making false entries in the company’s general ledger and providing those manipulated financial records to the business’s owner.
This case was investigated by the FBI and the Smyrna Police Department.
Charges:
Information 8/13/19: 18:1343 Wire Fraud
(1)
Information 8/13/19: 18:1343 Wire Fraud
(2-3)
Outcome: Antioch Woman Sentenced To Federal Prison For Embezzlement.
Plea of guilty to Counts 1-3 of the Information. Imprisonment for 12 months and 1 day, to run concurrently. Deft to self-report to U.S. Marshal at 2:00 PM on 3/20/2020. Three years supervised release, to run concurrently, with conditions. $300 special assessment. $147,289.00. Forfeiture, see Order of Forfeiture, DE No. 25.
Plaintiff's Experts:
Defendant's Experts:
Comments: