Lynette Lomibao, 46 of Sheboygan, pleaded guilty to making a false statement on Internal Revenue Service and wire fraud on May 12, according to Gregory J. Haanstad, United States Attorney for the Eastern District of Wisconsin.
According to information in the plea agreement, Lomibao was employed by Beaudry Electric Motors in Sheboygan. In connection with her employment as office manager, Lomibao used her position to embezzle $431,690 in company funds. Lomibao then under-reported her income to the IRS.
As part of the plea agreement, Lomibao agreed to pay restitution of $431,690 for embezzled funds and $127,222 in back taxes to the IRS. She faces up to 23 years’ imprisonment and a $250,000 fine. Lomibao’s sentencing is scheduled for August 2017.
The case was investigated by IRS Criminal Investigation.
