Aiken woman to pay more than 600k in restitution for embezzlement

May 24, 2018

An Aiken woman who was sentenced to 27 months in prison for embezzlement was ordered to pay restitution and forfeit certain property.

Carrie B. Caldwell, 40, was sentenced for embezzlement by a bank officer and filing false tax returns, according to a release from the U.S. Attorney for South Carolina.

Caldwell was a bank manager for Regions Bank in Aiken, and during her employment, embezzled more than $600,000 from the bank.

After the 27 months in prison, Caldwell will have five years of supervised release, and was ordered to pay $638,993.54 in restitution to Regions Bank, a press release from the Internal Revenue Service says.

Caldwell has not yet gone to prison. DeWayne Pearson, Assistant U.S. Attorney, said she will be given a report date, which can be around three to six weeks after sentencing.

Pearson said Caldwell pleaded guilty on Jan. 26, 2018.

The release from the U.S. Attorney for South Carolina says the money was stolen from dormant bank accounts to evade detection, and was used to pay for “travel, a boat and other luxury items.”

Caldwell also failed to report hundreds of thousands of dollars as income to the Internal Revenue Service, it says.

“The role of IRS, Criminal Investigation becomes even more important in embezzlement and fraud cases due to the complex financial transactions that must be unraveled,” said Matthew D. Line, acting special agent in charge of the Charlotte Field Office, in the release. “Those who cheat taxpayers by hiding their income and abuse their positions to enrich themselves at the expense of others will be held accountable.”

The IRS worked with the Aiken Department of Public Safety and the U.S. Secret Service to investigate the case; the case was prosecuted by Pearson, according to the release.