HUNTINGTON - A Huntington accountant accused of embezzling tens of thousands of dollars from a client's account is scheduled to change her plea to guilty later this month in federal court.
Kimberly Dawn Price, also known as Kimberly Swann, 59, is expected to enter a guilty plea June 17 in the Huntington court for the U.S. District Court for the Southern District of West Virginia, according to court documents.
Price is facing an indictment of 28 counts of bank fraud allegedly committed during her time as a staff accountant at the Huntington-based firm Hess, Stewart and Campbell PLLC, which has since denounced its former employee.
Price was originally arrested in January 2016 and charged with 900 counts of embezzlement, forgery and uttering in Cabell County after an investigation was opened when the executor in charge of the trust for Elizabeth Caldwell, a Huntington woman who died in the fall of 2015, went to the West Virginia State Police after noticing the account was about $1 million lower than expected.
The 900 counts were dropped in the Cabell County court after federal investigators showed interest in the case.
According to the federal indictment, which was returned earlier this year, from 2009 to 2015 Price committed bank fraud by writing unauthorized checks from accounts of Standard Leasing Inc., Pharmacy Associates Inc., The Hewitt Trust and the Caldwell Trust, which she wrote out to herself or cash.
The indictment also alleges Price fraudulently transferred funds from the Pharmacy Associates and Arc M. and Ruth C. Hewitt Trust accounts to the Caldwell Trust to cover amounts previously fraudulently obtained from the account.
According to a criminal complaint filed in Cabell County Magistrate Court, Price "paid off (a) vehicle, went on trips, helped her son start a business, paid off her (son's) student loans, supported her boyfriend and supported her gambling habit."