The U.S. Attorney's Office for the Western District of Tennessee has recently charged Catherine Corrine Daly, 54, with the embezzlement of more than $1.2 million from a Memphis law firm. Daly, who held the position of office manager at the firm, was indicted by a federal grand jury, as announced by Acting United States Attorney Reagan Fondren.

During her tenure, Daly is alleged to have used her access to the firm’s bank accounts to funnel money directly to personal American Express charge accounts. These accounts were used to splurge on an array of items, including designer clothing and handbags, jewelry, and other lavish expenses. Daly also leveraged these funds to cover costs for dining, personal services, and travel, thereby allowing to live beyond her financial means.

The indictment details that Daly operated this scheme from June 2019 through October 2021, during which she made multiple transfers from the company's operating account to pay out her and her relatives' personal AmEx charges. According to the U.S. Attorney's Office for the Western District of Tennessee, a total of $1,289,085.00 was illegally diverted for Daly's personal use.

Now facing six counts of violating Title 18, United States Code, Section 2314, Daly risks a sentence that may include up to 10 years of imprisonment for each count, and/or fines of up to $250,000, in addition to supervised release. It is a statute that prohibits individuals from transferring money across state lines if it has been stolen, converted, or taken by fraud. The case is currently under investigation by the United States Secret Service, with Assistant United States Attorney Joe Murphy handling the prosecution.