A Wichita woman was sentenced Thursday to 12 years in prison for bank fraud and tax fraud in connection to a scheme to defraud her former employers of millions of dollars.
78-year-old Nancy Martin pleaded guilty in May to charges of bank fraud and aiding or assisting in filing of false tax documents. Martin defrauded Mid-Kansas Wound Specialists and Emergency Services P.A. for whom she worked as a bookkeeper, business manager, and chief operating officer.
Between 2012 to 2017, Martin embezzled approximately $3.1 million by fraudulently obtaining money from her employers’ banks and falsifying accounting entries
to disguise the embezzlement as payments or transferred funds between entities. Martin spent the stolen funds on personal expenses, travel, and investments.
From 2013 to 2016, Martin either filed tax returns or caused tax returns to be filed to the Internal Revenue Service that omitted income.
In addition to her prison sentence, a federal judge ordered Martin to pay more than $3.2 million in restitution to the victims and approximately $670,000 in restitution to the IRS.
