Controller Takes Control and Funds Her Own Company
Sue O’Neill, controller for Marco Contractors in Pittsburgh, PA has been sentenced to 64 months in prison for wire fraud and filing false income tax returns.
O’Neill embezzled approximately 8.7 million dollars over a nine-year period from the family owned business. She used 6.7 million dollars of the stolen money to open Bulldog Contractors with a partner, and the remaining two million went into her personal bank account.
O’Neill bought two 1969 Ford Shelby GT500s for $165,000 each and spent $163,000 renovating a 1969 Ford Mustang. She also spent hundreds of thousands of dollars on a country club membership and jewelry and didn’t report any of the stolen funds on her tax returns.
In addition to the prison sentence, she is ordered to pay restitution of 8.5 million dollars to Marco Contractors, $215,000 to another Marco controlled company, and $428,000 to the IRS.
About the Author
Gregory McCauley Jr., Esq.
Tax Attorney · Villanova University School of Law · Admitted in Delaware, New Jersey, United States Tax Court
Gregory McCauley Jr. is an experienced tax attorney who has personally represented more than 1,000 clients in matters ranging from civil tax controversy and IRS examinations to criminal tax defense, U.S. Tax Court litigation, and complex business disputes. His practice is built on a foundation his c...
