A Billings woman pleaded guilty to four counts of wire fraud in U.S. District Court on Monday, as part of a case in which she allegedly embezzled more than $390,000 from a local repossession company over a period of seven years.
Jennifer Anne Thaw was charged earlier this month in the embezzlement case, after making four unauthorized wire transfers in July 2017 from her Billings-based employer, J&S Recovery Inc., according to federal investigators.
While working as the office manager for the company, Thaw oversaw accounts receivable and accounts payable, and transferred the money into her personal Wells Fargo checking account, court documents state.
Although each of the four transfers identified in court documents were for less than $5,000, her total theft from the company amounted to more than $390,000, according to prosecutors.
Thaw pleaded guilty to each count before U.S. Magistrate Judge Timothy J. Cavan, and was released pending sentencing.
Each count of wire fraud carries up to 20 years in prison.