KNOXVILLE, Tenn. (WVLT) -- A Kingston woman is sentenced to more than two years in prison after pleading guilty to 10 counts of wire fraud and three counts of income tax evasion, the U.S. Attorney's Office announced on Monday.
Jessica Potter Stafford, 34, will also have to pay restitution of $119,310 as well as $111,794.35 to the IRS. She also had to pay a special assessment of $1,300 to the court.
According to the U.S. Attorney's Office, Stafford admitted to racking up more than $200,000 in charges on her company American Express card while working as Director of Administration for several businesses, including Labo Management, LLC, and Diverse Concepts, between January 1, 2005 and August 31, 2008.
She also failed to report over $400,000 in income during that time.
“Individuals who are entrusted with credit cards of others, must know that the use of these credit cards for an illegal purpose is wire fraud. Of course, failure to pay federal income taxes is a criminal offense. The U.S. Attorney’s Office continues to prosecute these cases to the fullest extent of the law, “ said U.S. Attorney Bill Killian.
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