Summerville Woman Pleads Guilty to Embezzlement Charge

The former manager of finance and administration for a Germany manufacturing company in Chalreston has pleaded guilty to one count of wire fraud, according to a federal prosecutor on the case. 

Kay Infinger Day allegedly embezzled $625,175 from Lauscha Fiber International via false reimbursement claims and wire transfers.  In her position, Day was responsible for the company’s accounting, disbursements, and payroll, and she was the only employee who had the authority to input expense reimbursements in the company’s accounting system.  

According to the prosecutor, to execute the scheme, Day fabricated reimbursement claims for fake expenses such as freight, travel, office supplies, etc. in the company’s accounting system.  She then allegedly wired the “payments” for these fake expenses to her personal bank accounts at BB&T and S.C. Federal Credit Union via direct deposits. 

Day allegedly added fake reimbursements in every pay period from 2005-2011 for a total of 163 wires. Day was charged with five counts of wire fraud in 2012. 

Day allegedly told authorities that she spent the money on living expenses and medical expenses.