Accountant guilty of stealing $2.5M from Everett manufacturer

Christin Guillory’s scheme lasted 10 years, with millions of dollars funneled through fake Square and PayPal accounts.

Everett

EVERETT — An accounting manager for an Everett manufacturer pleaded guilty Thursday to stealing more than $2.5 million in an embezzlement scheme that lasted 10 years, with at least 867 “secretly executed” wire transfers, according to federal prosecutors.

In court papers filed in U.S. District Court in Seattle, the victim is identified only as “Victim Company.” A LinkedIn profile for Christin Guillory suggests she worked as an accounting manager for Majestic Glove — a workwear and safety gear maker on West Casino Road — for the duration of the scheme.

Guillory, 39, of Kent, opened an account with payment processor Square in 2013, choosing a display name that made it look like it belonged to a commercial shipping company, according to the charges filed in federal court.

From 2014 to 2019, she moved $1,695,591.97 in company funds to her Square account, then transferred the money to a personal account to use “for her own purposes,” according to the court papers. Throughout the scheme, she made false entries in the accounting system to make it look like the payments were legitimate.

Square’s compliance watchdog noticed odd transfers in 2015. Guillory claimed the account was “being used to collect payments to a consulting and cleaning business owned by Guillory,” according to the charges. She “prepared and provided Square with a fraudulent invoice to support her false statements.”

When her Square account shut down in late 2019, she opened two new PayPal accounts: one under a similar name to the “Victim Company,” another under the name of a shipping company with no apparent ties to Guillory.

She funneled over $604,000 through those accounts, with almost all of that landing in her own bank accounts. Then in late 2021, she moved another $247,000, in a series of transactions, direct to her own bank account, again writing false entries into the accounting books to cover her tracks.

“The scheme was detected when a financial institution reported irregularities,” according to a U.S. Attorney’s Office press release Thursday.

Adding it all up, investigators documented Guillory had stolen $2,536,086.17 from her employer.

Prosecutors also noted the ill-gotten money should have been considered taxable income. In the tax year 2019, for example, she reported $38,022 in income, under penalty of perjury. In reality, she had brought in another $615,000 through embezzlement.

“Ms. Guillory received millions of dollars of ‘involuntary contributions’ from her employer, stolen amounts which she gave herself by abusing her position of trust within the company,” said Special Agent in Charge Bret Kressin of the IRS Criminal Investigation’s Seattle Field Office, in a written statement.

A Herald reporter’s phone and email messages to Majestic Glove weren’t immediately returned.

Guillory admitted guilt in federal court Thursday to wire fraud, as well as making and subscribing a false tax return. Prosecutors plan to recommend a sentence of three years and five months in prison. She’s set to be sentence by U.S. District Court Judge Ricardo Martinez on Aug. 11.

Caleb Hutton: 425-339-3454; chutton@heraldnet.com; Twitter: @snocaleb.

Talk to us

> Give us your news tips.

> Send us a letter to the editor.

> More Herald contact information.

More in Local News

A big decision for Boeing’s next CEO: Is it time for a new plane?

As Boeing faces increased competition from Airbus, the company is expected to appoint a new CEO by the end of the year.

A Mukilteo Speedway sign hangs at an intersection along the road in Mukilteo. (Ryan Berry / The Herald)
Mukilteo Speedway name change is off to a bumpy start

The city’s initial crack at renaming the main drag got over 1,500 responses. Most want to keep the name.

Two workers walk past a train following a press event at the Lynnwood City Center Link Station on Friday, June 7, 2024, in Lynnwood, Washington. (Ryan Berry / The Herald)
Trains up and running on Lynnwood Link — but no passengers quite yet

Officials held an event at the Lynnwood station announcing the start of “pre-revenue” service. Passengers still have to wait till August.

Nedra Vranish, left, and Karen Thordarson, right browse colorful glass flowers at Fuse4U during Sorticulture on Friday, June 7, 2024, in Everett, Washington. (Olivia Vanni / The Herald)
A promenade through Everett’s popular Sorticulture garden festival

Check out a gallery of the festival’s first day.

Left to right, Everett Pride board members Ashley Turner, Bryce Laake, and Kevin Daniels pose for a photo at South Fork Bakery in Everett, Washington on Sunday, May 26, 2024. (Annie Barker / The Herald)
Second Everett Pride aims for even bigger rainbow of festivities

Organizers estimated about 3,000 people attended the first block party in Everett. This year, they’re aiming for 10,000.

Pride flag vandalism raises concerns on Whidbey Island

Reports of theft involving LGBTQ+ pride-themed displays have increased around South Whidbey.

The I-5, Highway 529 and the BNSF railroad bridges cross over Union Slough as the main roadways for north and southbound traffic between Everett and Marysville. (Olivia Vanni / The Herald)
Highway 529 squeeze starts now between Everett, Marysville

Following a full closure for a night, starting late Sunday, Highway 529 will slim down to two lanes for months near the Snohomish River Bridge.

An emergency overdose kit with naloxone located next to an emergency defibrillator at Mountain View student housing at Everett Community College on Tuesday, March 5, 2024 in Everett, Washington. (Olivia Vanni / The Herald)
As deadly overdoses decline, Snohomish County builds on what’s working

Opioid-related deaths have decreased 20% compared to this time last year. Local health officials say there’s “still much work to do.”

Police blocked off southbound I-5 near Marine View Drive in Everett after an “incident” blocked the roadway on Wednesday, June 12, 2024. (Photo provided by WSDOT)
None injured in shooting that closed I-5 south in Everett

The shooting shut down traffic on the freeway Wednesday near Marine View Drive, causing a major backup.

Edmonds City Council members answer questions during an Edmonds City Council Town Hall on Thursday, April 18, 2024, in Edmonds, Washington. (Olivia Vanni / The Herald)
Edmonds begins process to join South County Fire

To avoid a lapse in services, the city will likely come to voters in April asking for their final approval.

A man led police on a high speed chase through north Snohomish County on Thursday, Dec. 10, 2020. (Snohomish County Sheriff’s Office)
New public database answers Snohomish County’s pressing crime questions

Prosecutor Jason Cummings hopes the database can give a better understanding of the local criminal justice system.

PUD employee Kyle Tucker opens part of the breaker system at the Jennings Park Substation in Marysville, Washington on Wednesday, June 5, 2024. (Annie Barker / The Herald)
With eye on growing county, PUD replaces aging Marysville substation

The $8.4 million project north of Jennings Park is expected to be finished in October. It’s one part of a 10-year PUD plan.

Support local journalism

If you value local news, make a gift now to support the trusted journalism you get in The Daily Herald. Donations processed in this system are not tax deductible.