You Won't Believe This Embezzeled Funds Spending Spree

By Elizabeth Puckett Dec 02, 2019
news
Shop Muscle
By Elizabeth Puckett Dec 02, 2019
A Pittsburgh-area duo allegedly stole lots of money to start a car collection!

According to the Pittsburgh Post-Gazette, a duo setup a residential construction company to milk funds out of Pittsburgh-area Marco Contractors to the tune of $8.7 million. A chunk of that money went towards buying quite the lineup of cars - 55-year-old Sue O’Neill and her unidentified partner used their stolen money to buy a 1978 Chevy 2T Corvette, 1966 Pontiac GTO, 1953 Mercury Monterey, and1969 Ford Mustang.

“A federal complaint said Ms. O'Neill, who lives in the Sewickley area, and a partner identified only as R.G. used the stolen money to buy property, vehicles and construction equipment,” according to the story. “The embezzlement scheme ranks among the largest ever prosecuted here.”

Sue O’Neill had entered a guilty plea for the charges against her in September, and was order to pay restitution, and $428,710 in back taxes and fines. O’Neill also faces up to 20 years in prison, and the criminal sentencing is scheduled to take place in the spring of 2020.

According to a court filing, O’Neill began embezzling in 2009 from the commercial general contracting firm. She issued $6.7 million in check from Marco over the years, which were deposited into a firm O’Neill owned with another person under the name of Bulldog Contractors - another $2 million made its way into O’Neill’s personal banking account.

In addition to the lot of cars that were purchased with the embezzled funds, the stolen money was used to buy construction equipment, including a couple of trailers, a compact track loader, and a compact excavator.

This is one of the largest embezzlement schemes, but not quite record breaking, with the largest ever uncovered crime of the sorts being a $13 million dollar theft from Matthews International, which was carried out by Cynthia Mills - Million is currently in federal prison.

There is no word on what happened to the cars purchased from the fraudulent funds, while they've likely been seized by now. 


Related articles

Rock On In A 1937 Ford Street Rod Convertible

Just look at this beauty. A lot of people want a well-composed street rod but lack the skills to build one. That’s ...
By Steven Symes Dec 11, 2019

Watch The 1994 Dodge Ram Promo Video

Digitized from VHS, this is classic truck marketing preserved for the ages. For the 1994 model year, Dodge launched...
By Steven Symes Dec 11, 2019

Watch Tavarish Resurrect A Chevy Race Car

He does it in just 48 hours, and the thing is thrashed. Race cars live hard lives. Even if they don’t wreck out, ju...
By Steven Symes Dec 11, 2019

Home-Built 'Christmas Vacation' Display Includes Movie's Iconi...

With 7,500 tinkling lights and a hoard of iconic movie cars from the classic holiday film, this epic home-built disp...
By Amie Williams Dec 11, 2019
Show Me More

URL copied to clipboard