Brunswick Woman Charged with Negotiating Forged Securities

William J. Edwards, United States Attorney for the Northern District of Ohio, announced today that a federal grand jury in Cleveland, Ohio, returned an indictment against Kathleen Danicic charging her with one count of negotiating forged securities. Danicic, age 46, resides in Brunswick, Ohio.

The indictment alleges that the defendant was the office manager for American Cube Mold, Inc. The indictment further alleges that, as the office manager, the defendant controlled the company’s accounting records and was solely responsible for reconciling bank statements, creating payroll summaries, and preparing company invoices.

The indictment alleges that from approximately May 11, 2006, through April 29, 2008, the defendant removed approximately 121 company checks, made the checks payable to herself, and then forged her employer’s signature to the checks. The indictment alleges further that the defendant recorded those payments as valid expenses on the company’s books and records. The indictment alleges that the company has sustained approximately $313,701.00 in losses.

If convicted, the defendant’s sentence will be determined by the court after review of factors unique to this case, including the defendant’s prior criminal record, if any, the defendant’s role in the offense and the characteristics of the violation. In all cases the sentence will not exceed the statutory maximum and in most cases it will be less than the maximum.

This case is being prosecuted by Assistant United States Attorney Bridget M. Brennan following an investigation by the Akron Office of the Federal Bureau of Investigation.

An indictment is only a charge and is not evidence of guilt. A defendant is entitled to a fair trial in which it will be the government’s burden to prove guilt beyond a reasonable doubt.