Medford business thefts take woman from jackpot to jail
A woman is accused of stealing more than $260,000 from a Medford electrical contractor, using company money to cover her living costs and gambling away tens of thousands of dollars.
Traci Lynn Marang, 49, faces charges of identity theft, aggravated theft and falsifying business records alleging she embezzled more than $264,000 from Precision Electric Contractors in less than a year, according to a Medford police news release and court documents filed Tuesday in Jackson County Circuit Court.
Police arrested Marang Monday on accusations she committed a host of financial crimes that started in April of last year and lasted into February.
Marang began working for Precision Electric Contractors in April 2018, and she “almost immediately” began embezzling money from the company, police stated in a news release.
Court documents filed by police, including a three-page spreadsheet, allege that her first theft from the company was April 13 — 11 days after her start date — with $240.04 taken from a company credit card.
Within a month, Marang allegedly used the same card to make $3,074 in unauthorized purchases, another employee’s card for $1,001 to pay Marang’s rent, and the company’s fleet fuel card to fill her own tank, according to court documents.
Police say Marang also used her employer’s accounts to directly pay her personal credit card bills and made unauthorized direct deposits.
Starting in June, Marang allegedly gave herself monthly payroll bonuses of at least $5,000 per month. The fraudulent bonuses peaked in December, when she gave herself $57,760 in payroll bonuses and extra pay.
In December, police say, Marang also made more than $20,000 in fraudulent purchases on her company credit card and withdrew more than $4,000 from a company bank account.
On top of the $265,254.29 that Marang allegedly embezzled in Jackson County is more than $37,000 “missing related to gambling establishments outside this jurisdiction,” according to Medford police.
Police issued a photo taken at Rain Rock Casino in Yreka, California, where Marang held a fanned-out stack of cash beside a row of video slot machines after a more than $3,500 jackpot win.
Marang falsified records to cover up the financial crimes, police say. In some cases, Marang allegedly changed vendor payment amounts in QuickBooks, while in other instances she allegedly deleted records altogether.
Medford police learned about the embezzlement in February, after the company had an independent audit that detailed the losses. They arrested Marang Monday on charges that include seven counts of aggravated first-degree theft, two counts of first-degree theft, one count of identity theft and misdemeanor charges of second-degree theft and falsifying business records.
Marang had no prior criminal history in Oregon, state court records show. She has a Meadowlakes, Texas, address listed in court records.
Marang remained held Tuesday afternoon in the Jackson County Jail on $230,000 bail.