Former CFO of Chicago-Area Company’s Subsidiary Convicted of Embezzlement

CHICAGO - A federal jury in Chicago has convicted the former Chief Financial Officer of a Chicago-area company's subsidiary on fraud charges for embezzling more than $1 million.

TINA FEUERSTEIN, 53, of Hanover, Penn., was convicted of eight counts of wire fraud. The jury returned the verdicts on April 9, 2026, after a four-day trial in U.S. District Court in Chicago. Each count of wire fraud is punishable by a maximum sentence of 20 years in federal prison. U.S. District Judge LaShonda A. Hunt set sentencing for Aug. 26, 2026.

Feuerstein served as the CFO of a Pennsylvania company that was owned by a company in the Chicago area. Evidence at trial showed that Feuerstein used a company credit card over the course of five years to purchase personal items, including luxury furniture, designer apparel, and everyday expenses. To conceal her theft, Feuerstein falsified entries in the company's general ledgers to offset the amounts that she had stolen. She also deleted items in the company's expense-reporting system to hide more than 3,800 credit card charges that she had made totaling more than $1 million.

In addition, Feuerstein prepared false consolidated financial statements misstating the company's total expenses that her employer relied upon to make business decisions. The evidence at trial also showed that Feuerstein had previously embezzled more than $250,000 while working in the accounting department of another company.

The conviction was announced by Andrew S. Boutros, United States Attorney for the Northern District of Illinois, and Douglas S. DePodesta, Special Agent-in-Charge of the Chicago Field Office of the FBI. The government is represented by Assistant U.S. Attorneys Jared Hasten and Anne Yonover.