Former Central Parking employee pleads guilty to embezzlement

Tuesday, July 19, 2011 at 3:56pm

A one-time treasury analyst with Central Parking Corp. has pleaded guilty to wire fraud for embezzling more than $1.9 million from the Nashville-based company.

According to the U.S. Attorney’s Office in Nashville, 51-year-old Mary Harris, of Pleasant View, Tenn., admitted to transferring funds from the company’s automated system into either her bank account or the bank accounts of family members between August 2004 and August 2009.

Harris, who pleaded guilty Monday, also agreed to forfeit all money and property traceable to her crime.

"Corporate officials who steal from their employers not only harm the companies but also undermine the trust of the public in our corporate institutions,” said U.S. Attorney Jerry E. Martin. “The U.S. Attorney’s Office will continue to seek out and prosecute those who perpetrate corporate and other white-collar frauds.”

A release from the U.S. Attorney’s Office stated that Harris admitted her position in the company gave her access to certain company bank accounts as well as the Automated Clearing House system the corporation used to process financial transactions.

Harris also admitted at the plea hearing, according to the release, that she diverted approximately 200 automated transactions into her account or those accounts of her relatives, and tried to cover her tracks by making false entries in Central Parking’s accounting ledger and creating false emails to support those entries.

U.S. District Judge Todd Campbell scheduled a sentencing hearing for Harris on Oct. 24.

Harris faces up to 20 years in prison and repayment of more than $1.9 million in restitution.

1 Comment on this post:

By: treehugger7 on 7/20/11 at 7:46

Is there no oversight in government? Or private business? Has no one heard of checks and balances? I say the company had to be pretty lazy for this to happen--unless there were more people involved, who ignored what was going on. If the bosses did just a little oversight, this couldn't happen. I expect others will be charged.