PITTSBURGH, Pa – A resident of Pittsburgh, PA, pleaded guilty in federal court to violating federal fraud laws of embezzling funds, United States Attorney Cindy K. Chung announced today.
Tracey Smith, 54, of the City’s Lincoln Park area, pleaded guilty to two counts before United States District Judge Cathy Bissoon.
In connection with the guilty plea, the court was advised that between 2014 and 2018 Smith embezzled funds from two separate employers, Pro Towels and Moderne Glass, when she held executive positions with the companies.
Judge Bissoon scheduled sentencing for Feb. 16, 2023. The law provides for a total sentence of 20 years in prison, a fine of $250,000, or both. Under the Federal Sentencing Guidelines, the actual sentence imposed is based upon the seriousness of the offense and the prior criminal history, if any, of the defendant.
Pending sentencing, the court continued Smith’s bond.
Assistant United States Attorney Gregory C. Melucci is prosecuting this case on behalf of the government.
The Federal Bureau of Investigation conducted the investigation that led to the prosecution of Smith.