Date: December 16, 2019
Abingdon, VIRGINIA – Following a three-day jury trial in U.S. District Court in Abingdon, the former executive vice president of J&R Manufacturing in Bluefield, Virginia, was convicted of tax charges, wire fraud, and making false statements.
Teresa Barringer Bluefield, Va., was convicted last week on three counts of willfully failing to pay over payroll taxes, two counts of wire fraud, and three counts of making false statements to a federal law enforcement officer.
According to evidence presented at trial, Barringer failed to pay more than $175,000 in payroll taxes withheld from employees. She also fraudulently prematurely obtained over $360,000 from her 401K plan by falsely claiming that she needed the money to avoid foreclosure and falsely representing her last day of employment. Barringer also lied to federal agents when questioned about her employment and the 401K withdrawals.