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Prosecutors: Woman Embezzled One Company To Pay Another

October 21, 1993

BOSTON (AP) _ A bookkeeper who promised to repay $773,000 she was accused of embezzling got a new job and stole $391,155 from her new employer to do so, a prosecutor said Wednesday.

Cheryl L. Walsh, 32, of Franklin was charged with two counts of bank fraud. She faces 60 years in prison and $2 million in fines if convicted. An order of restitution also was being sought.

For five years ending last January, Walsh forged signatures at Shuman Construction Co. of Brookline and made company checks payable to herself, U.S. Attorney A. John Pappalardo said.

Walsh was fired but told the company she would make restitution, he said. She then got a job at Framingham Ford, but also stole from it, Pappalardo said.

There was no listing for Walsh in the Franklin telephone directory.

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