Susan Figuerido, a longtime bookkeeper for a Cape Cod flooring company, has agreed to plead guilty to embezzling over $1.3 million from her employer, according to federal prosecutors. Figuerido, 73, of Falmouth, allegedly used the stolen funds for personal expenses, including shopping on Amazon and QVC, dining out, and making cash withdrawals. She is also accused of transferring money to a family member.
Cape Cod Bookkeeper $1.3M Embezzlement : Details of the Scheme
According to the charging document, Figuerido had access to two of the company’s bank accounts and carried out her scheme by transferring funds between accounts and writing over 1,200 checks to herself. These checks, which she deposited into her personal account at Cape Cod Five Cents Savings Bank, were not recorded in the company’s accounting system, allowing her to conceal the theft. The embezzlement allegedly began in 2015 and continued until 2022.
Cape Cod Bookkeeper $1.3M Embezzlement : Tax Evasion Charges
In addition to wire fraud, Figuerido faces charges for failing to report the stolen funds on her income taxes. Prosecutors allege she avoided approximately $353,000 in taxes by not disclosing the embezzled money on her returns.
Sentencing and Legal Proceedings
Figuerido is scheduled to appear for sentencing on Sept. 18 before U.S. District Judge Leo Sorokin. Prosecutors have not commented further on the case, while Figuerido’s attorney, Joan M. Fund, has yet to respond to requests for comment.
