WINSTON-SALEM, N.C. — A Durham woman pled guilty to embezzling hundreds of thousands of dollars from the elderly man she cared for several years.
Teresa Denise Schneider embezzled around $370,000 according to court documents. She pled guilty to federal charges in Winston-Salem on Friday, February 8.
The U.S. Department of Justice says Schneider used the man's credit card to pay for spa treatments, travel, college tuition, dining, and expensive shopping sprees. Schneider also used the credit card to transfer over $100,000 to her personal bank account.
Schneider, 52, faces up to 30 years in prison and up to a $1,000,000 fine. She pled guilty to one count of bank fraud and one count of wire fraud.
Court documents show Schneider started caring for the Durham County man from 2010 until his death in 2013. Family members of the man were concerned about Schneider's involvement in his finances.
Schneider provided the family with copies of her bank and credit card statements at the family's request in September 2011. After the man died, the family found the statements Schneider gave them were doctored to hide transfers of funds.
“We should honor our elders, not steal from them. Ms. Schneider abused her position of trust as caretaker. We will aggressively pursue those who commit such acts,” said U.S. Attorney Martin, adding, “I commend the Department of Treasury Task Force, NC SBI, and AUSA Chut who worked diligently to make sure this defendant is held accountable for exploiting a vulnerable victim and abusing the trust of the victim’s family.”
The sentencing will be held July 18 in Winston-Salem.