Former Assistant Controller Sentenced for Wire Fraud and Tax Evasion

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PHILADELPHIA, PA — Tammy Simpson, 51, of Pocono Lake, PA, has been sentenced to 41 months in prison for wire fraud and filing false tax returns. United States District Court Judge Wendy Beetlestone handed down the sentence on Wednesday. Simpson was also ordered to pay restitution amounting to $3,199,192.68 to her former employer, Triad Metals International, and $708,643 to the IRS.

Simpson, who worked as the Assistant Controller at Triad for fourteen years, abused her role to steal company money. Between 2012 and her termination in October 2019, she used electronic transfers from the company’s business account to settle personal credit card debts and loan payments. Additionally, she misused credit cards from former employees to cover personal expenses, including airfare and entertainment for family and friends, as well as personal tax liabilities. These expenditures were not legitimate business expenses.

In June 2022, Simpson faced charges for eight counts of wire fraud and four counts of false tax returns. She pleaded guilty to all charges in June 2023. She also failed to report the stolen money on her tax returns from 2015 through 2018.

“Tammy Simpson was a valued employee, entrusted with significant financial responsibilities,” said U.S. Attorney Jacqueline C. Romero. “For years, she abused that trust, stealing more than $3 million.”

Wayne A. Jacobs, Special Agent in Charge of FBI Philadelphia, added, “The FBI, alongside our partners at the IRS and the U.S. Attorney’s Office, will continue to pursue criminals who orchestrate their schemes out of greed.”

Denise Leuenberger, Acting Special Agent in Charge of IRS Criminal Investigation, emphasized the commitment to investigating individuals engaged in tax fraud and other white-collar crimes.

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The case was investigated by the FBI and the IRS Criminal Investigation and prosecuted by Assistant U.S. Attorney MaryTeresa Soltis.

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