A Port Deposit, MD woman has been charged with racking up more than $300,000 in corporate credit card chargesfor trips, charitable contributions, and other personal expenses.
According to the Delaware U.S. Attorney’s office, Kimberly Sponaugle, 41, engaged in a scheme to defraud her former employer. Companies are not identified in such cases.
Sponaugle, who was the business’s office manager from 2005 – 2010 and the business’s director from 2010 through her termination in 2018, used a corporate credit card to make approximately $322,652.00 in unauthorized, personal purchases from January of 2012, through March of 2018.
Sponaugle used funds from the business’s bank account to pay corporate credit card bills associated with those personal purchases and hid her fraud by making false entries in the business’s accounting system, a release from the U.S. Attorney’s office stated.
Through this scheme, Sponaugle used the business’s funds without authorization to purchase, among other items, vacations, jewelry, and limousine services, as well as to make personal charitable contributions using the corporate credit card.
If convicted of wire fraud, Sponaugle faces a maximum penalty of 20 years in prison.
Actual sentences tend to be lower.
David C. Weiss, U.S. Attorney for the District of Delaware, made the announcement and gave the following comment: “The defendant abused her employers’ trust and repeatedly diverted corporate funds for her own personal use through a years-long scheme. My office is committed to investigating and prosecuting fraudulent conduct, like the defendant’s, that hurts Delaware businesses.”
The case was investigated by the FBI Baltimore Division’s Wilmington Office and the Delaware State Police.