A Racine woman who is accused of stealing over $680,000 over seven years from her boss in order to gamble and shop was out of jail Monday afternoon on a $500 cash bond.
Joyce Sakach, 74, was charged Monday in Racine County Circuit Court with single felony counts of theft in a business setting, more than $10,000; identity theft; and fraud against a financial institution. She is also facing two felony counts of misappropriating an identity for financial gain. If convicted, she faces up to 43 years in prison and/or up to $110,000 in fines.
According to the criminal complaint, Sakach was employed by a local accounting firm and was in charge of writing checks to pay the bills for one of the company’s clients. The business’ records show that Sakach would have the clients sign checks that were then deposited into an account Sakach set up at TCF Bank.
The crimes are believed to have occurred between 2006 and 2013, the complaint reads.
Police say Sakach used the money to shop at local stores, to pay her cable bill and to gamble in Milwaukee and Las Vegas, NV. The total amount Sakach is accused of taking is $680,197.99.
During her initial appearance Tuesday, Sakach was given a $500 cash bond and ordered to not have any contact with either her former employer or the clients from whom she is accused of stealing. She will next be in court April 8 for her initial appearance.