By Naomi Klouda
An Anchor Point woman was sentenced Monday to four months in a lesser sentence of “shock jail” and ordered to pay back $98,000 in an embezzlement case against local businessman Matt Shadle.
The final charges against Terry McCloud, 45, lowered Theft 1 to Theft 2, which is a class C felony. She was sentenced to a five-year suspended imposition of sentence, five years probation and ordered to repay restitution. She must also meet special conditions in providing a mental health evaluation to the Department of Corrections within 30 days. The evaluation relates to her request for shock jail, a sentencing consideration for her 40-day incarceration. Public Defender Andy Pevehouse argued on her behalf that she suffers mental health issues related to “love of money,” but has no criminal record and did not need lengthy jail time to “shock” her into realization of her crime.
Homer Police charged the woman with first-degree theft for taking $95,794 from her ex-employer, Shadle. Police alleged that over 18 months McCloud took $29,340 in forged checks and $66,454 in unauthorized credit card transactions.
A former Homer City Council member, Shadle owns several businesses, including renting residences and commercial fishing. McCloud worked as a bookkeeper for him from September 2010 to April 2012. Shadle said he found out about the embezzlement in April when McCloud confessed.
Shadle said McCloud wasn’t a signer on any checking accounts and wasn’t authorized to use any credit cards. He said it appeared McCloud used a dormant bank account to deposit money into without Shadle’s his knowledge. He didn’t know how she set up a credit card account in his name.
Shadle, who spoke at the sentencing, objected that McCloud hadn’t served time in jail and expressed doubts he will get paid back. “A lot of people would do the same thing if they knew they could get away with it like this,” he said. The money embezzled from him should have gone to pay his own bills, which put him in a bad light with creditors. He also missed out on key communication with the City of Homer over a zoning matter in which fines wracked up to millions of dollars.“I trusted her to open my mail and keep me informed,” Shadle said. “To think I paid her $2,700 a month to what – rip me off?”
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