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Ex-CFO pleads guilty to embezzlement charges

May 20, 2014

SALEM, Mass. (AP) — The former chief financial officer of a church-affiliated home for troubled youth in Methuen has been sentenced to nine months in jail for embezzling about $183,000 from the school.

Sharon Cutter was sentenced Monday after pleading guilty to two counts of larceny by embezzlement.

The 51-year-old Cutter said that from July 1, 2006, to Oct. 31, 2011, she used petty cash and credit cards belonging to St. Ann’s School for personal expenses, including dinners out and luxury purchases.

She also said she purchased items for her boyfriend’s Methuen restaurant with St. Ann’s funds.

The Eagle-Tribune (http://bit.ly/R3VuQc ) reports that Cutter was also sentenced to five years of probation upon release. Cutter must also pay restitution and write an apology letter to the school, affiliated with the Roman Catholic Archdiocese of Boston.


Information from: Eagle Tribune (North Andover, Mass.), http://www.eagletribune.com

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