Former Crisis Ministries CFO pleads guilty
CHARLESTON, S.C. (WCIV) -- Crisis Ministries' former chief financial officer on Tuesday pleaded guilty to a wire fraud charge.
Carol Libby was accused of embezzling hundreds of thousands of dollars from the homeless shelter over a seven-year period.
She faces up to 20 years in prison, a $250,000 fine, three years of supervised release, and a $100 fine for the felony charge.
As terms of the plea, the United States Attorney's Office has agreed to drop the other charges against Libby if she complies with the deal.
CEO Stacy Denaux said she was happy to see the process moving forward and she hopes to see them move to sentencing soon.
The indictment states Libby "generated more than 400 unauthorized business checks" which she made payable to vendors that deal with the organization. She reportedly then forged the names of those vendors and wrote her own bank account number on the back of the checks so she could deposit the money into her account.
The federal charges state Libby transferred money over state lines using ATM machines and wire transfers. Libby was first accused of stealing money from Crisis Ministries last summer when police charged her with breach of trust with fraudulent intent.
A sentencing hearing date has not been set.
Libby worked for Crisis Ministries for about 10 years.