Crime & Safety
Former Employee Pleads Guilty To Stealing $400K From Lake In The Hills Business
A former employee of a business in Lake in the Hills has pleaded guilty after prosecutors say he stole about $400,000.
By Sam Borcia, Lake & McHenry County Scanner
A former employee of a business in Lake in the Hills has pleaded guilty after prosecutors say he stole approximately $400,000 from the company over the span of several years.
Donovan A. Greene, 32, of Crystal Lake, was charged in December 2021 with financial institution fraud, theft over $100,000, fraudulent use of a credit or debit card and receiving goods or services in violation of credit card act.
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A grand jury later indicted him on charges of theft over $100,000, financial institution fraud and unlawful use of a credit card.
A criminal complaint filed in McHenry County Circuit Court said Greene was employed by AMS Store and Shred in Lake in the Hills.
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Greene had unlawfully used a company credit card issued to him by making unauthorized purchases, the complaint said.
The complaint said Greene executed a scheme to obtain money and assets through a loan scheme using the ownersâ names and issuing himself double paychecks.
Court records show the scheme occurred from February 2015 to September 2020.
The complaint initially said Greene, who was acting as the business accountant, stole $138,032 cash from the company.
Prosecutors later said Greene is believed to have actually stolen closer to $400,000, the Northwest Herald reported.
Prosecutors said the businessâ insurance company reimbursed them for $175,000 of the loss and Greene will likely be required to pay back the remaining $225,000.
Greene has been out of custody since his arrest in December 2021 where he posted 10% of a $100,000 bond.
During a court hearing Wednesday, Greene pleaded guilty to the most serious charge against him, theft between $100,000 and $500,000, which is a Class 1 felony.
Greene could be sentenced to probation or he could be sentenced to four to 15 years in the Illinois Department of Corrections.
A sentencing hearing is scheduled for September 13.
Lake and McHenry County Scanner is a local breaking news website covering issues that matter such as shootings, stabbings, house fires, kidnappings, car accidents, and more around Lake County and McHenry County.
