09/02/2025 | Press release | Distributed by Public on 09/02/2025 13:51
ST. LOUIS - The former general manager of a Missouri company on Wednesday admitted embezzling $878,000.
Kristina Higgins, 54, pleaded guilty to eight counts of bank fraud and agreed to repay the money. She admitted issuing company checks to pay a total of $878,711 in personal credit card bills and using a stamp to add the company owner's signature on the checks. In December of 2022, she falsified information to ensure that the checks would be honored when the company enrolled in the bank's positive pay system, her plea agreement says.
Higgins is scheduled to be sentenced on December 4. Bank fraud is punishable by up to 30 years in prison, a fine of up to $1 million or both prison and fine.
The FBI investigated the case. Assistant U.S. Attorney Justin Ladendorf is prosecuting the case.
Robert Patrick, Public Affairs Officer, [email protected].