Kan. woman pleads guilty in cattle fraud scheme
Published on -6/25/2013, 7:18 AM
WICHITA, Kan. (AP) -- A central Kansas woman has pleaded guilty to embezzling more than $211,000 from a feedlot where she worked to pay off losses from her own cattle trading.
The U.S. Attorney's office says 37-year-old Carrie L. Frederick, of Sterling, entered the pleas Monday to three counts of wire fraud. She was charged late last year and will be sentenced Sept. 11.
Frederick admitted stealing the money from Sellers Farms, a livestock feeding operation in Lyons where she went to work in 2007.
She owed more than $150,000 to her previous employer, Golden Belt Feeders in St. John, for losses from cattle transactions she financed while serving on Golden Belt's board.
Prosecutors said Frederick used the money stolen from Sellers Farms for personal expenses and to repay Golden Belt.