Janesville40.1°

Beloit woman charged in work theft

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AMES, ANN MARIE
September 14, 2012

— A Beloit woman is facing charges that she spent three or more years paying her bills with money meant for her Janesville employer's creditors.

Connie L. Corcoran, 41, of 2040 Riverside Drive, Beloit, was charged Wednesday with four counts of theft from a business setting and one count of fraudulent use of a credit card.

Corcoran worked as the office manager for Janesville Brick and Tile, 1801 W. Court St., Janesville. The company contacted police in May to report that employees had embezzled as much as $286,655 since 2007. The company was investigating the loss of an additional $25,000 from 2006, according to the complaint.

Corcoran asked the owner's family members to sign blank company checks to have on hand in case vendors required cash-on-delivery payments, according to the complaint.

Investigators think Corcoran fraudulently used 105 checks from the company. One check was written to a local dentist office for services billed to Corcoran. Another was made out to her son. The rest were made out to Corcoran and cashed or deposited at her Milton bank.

The total was $240,314, according to the complaint.

The company learned about the situation when Janesville Brick and Tile's vendors, tired of complaining to Corcoran about late payments, spoke up to the company owner, according to Janesville police records.

The complaint also lists a number of purchases shipped to Corcoran or signed for by her that had been made using the company's credit card. They include:

-- A $118 payment to Ticketmaster. The tickets were sent to Corcoran's work email address.

-- A $1,519 payment to Sears for a 42-inch Briggs and Stratton riding lawnmower, which was delivered to Corcoran's home.

-- A $393 payment to Walmart Supercenter in Beloit for a 32-inch LCD television with a two-year service plan. Corcoran signed at the point of sale.

Another employee had access to the signed company checks, and 15 checks totaling nearly $50,000 were deposited into that employee's checking account in 2007 and 2008, according to the complaint. No charges against that employee have been filed.

Corcoran's arraignment is scheduled for Wednesday. If convicted, she faces 43 years in prison or $110,000 in fines.

Rock County Court Commissioner Stephen Meyer on Wednesday set a $5,000 signature bond for Corcoran.



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