Former School Treasurer Pleads Guilty to Embezzlement

Todd Ryan Frazier, 31, entered a guilty plea in federal district court to an indictment charging him with embezzlement and theft from the Carterville School District.  Frazier was fired from the school in February of 2012 after an audit revealed that he defrauded the school district over a four year period while he held positions as the school treasurer and payroll officer.

The following 16 counts were included in the original indictment:

  • Counts 1-3, embezzlement and theft from the Carterville School District—a unit of local government that received federal funds;
  • Counts 4-13, wire fraud in furtherance of a scheme to defraud the Carterville School District;
  • Count 14, false statements to the Federal Bureau of Investigation;
  • Count 15, attempting to access a computer of a financial institution without authorization;
  • Count 16, uttering a forged check of the Carterville School District

Frazier initially pleaded not guilty to embezzlement, theft, forgery, wire fraud, lying to the Federal Bureau of Investigation, and attempting to access computer files at the Bank of Herrin. However, on Thursday he admitted to pocketing between $70,000 and $140,000 in the fiscal year ending in June of 2010.

Todd Frazier will be sentenced on May 8, 2014.  The offense carries a total statutory maximum sentence of up to 10 years in prison, a fine of up to $250,000, and mandatory restitution.

This case was investigated by the Federal Bureau of Investigation and prosecuted by Assistant United States Attorney Norman R. smith.

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