Woman pleads guilty to Medford power company embezzlement charges | Local

MEDFORD, Ore. — A former accountant pleaded guilty Thursday to charges of embezzling more than $250,000 from her former employer, a Medford power company.

Traci Marang was hired as an accountant by Precision Electric in early April 2018, according to the Jackson County District Attorney’s Office. Although the theft was not fully disclosed until over a year later, an investigation later revealed that she began stealing from Precision within days of being hired “using a multitude of different methods”.

According to the prosecutor’s office, between April 2018 and February 2019, Marang used corporate credit cards for his own use, deposited unauthorized corporate funds into his personal accounts, used corporate accounts to pay his personal credit cards, used a business account for cash withdrawals, made money transfers from business accounts to their own accounts, and used the fleet vehicle’s fuel card for their own use.

Medford police arrested Marang in September 2019 after Precision Electric conducted an audit. She had previous convictions in Washington and California “for similar conduct,” the prosecutor’s office said.

Marang was living in Allen, Texas before her court date on Thursday. Appearing in Jackson County, Marang pleaded guilty to one count of identity theft, four counts of first-degree aggravated robbery and one count of falsifying business documents. She was taken into custody after her conviction.

Judge Timothy Barnack sentenced Marang to 42 months (3.5 years) in prison with two years of post-prison supervision. She was also ordered to pay restitution of more than $310,150.

Precision Electric owner Jack Schmidt was present at the plea and sentencing hearing and spoke on behalf of the company, the prosecutor’s office said.