Cynthia M. Munson, the longtime chief financial officer of Pioneer Title Company, is accused of stealing from her employer during incidents that allegedly occurred between 2011 and 2014.
An Ada County grand jury indicted Munson, 55, earlier this month on charges of felony grand theft by deception, forgery and two counts of grand theft.
“We look forward to the opportunity to discuss this matter with the government’s attorney and clear Cindy’s name,” defense attorney Susan Mimura said in a written statement to The Idaho Statesman.
The indictment accuses Munson, who lives in Star, of writing more than $1,000 in unauthorized company checks to herself.
It was unclear from court documents how much in total Munson is accused of stealing. A person can be charged with grand theft if the loss exceeds $1,000.
Munson also is accused of using a signature stamp bearing the signature of company President Tim Bundgard to approve checks written on the company account. Bundgard was not aware that his signature stamp was being used fraudulently, according to the indictment filed in Ada County District Court.
The indictment says Munson also devised a scheme that made it appear she was contributing to an employer-sponsored 401(k) retirement account, triggering matching contributions from Pioneer Title.
Munson served as CFO of Pioneer Title for 23 years, according to her online profile on LinkedIn. Before that, she worked as an auditor for Deloitte Touché, according to the profile.
She is licensed as a certified public accountant, according to the Idaho State Board of Accountancy. No previous disciplinary action was taken against her, and Munson has no prior criminal record in Idaho, according to online court records.
Munson is listed as owner of B&T Consulting and Accounting, a Star-based business organized in August 2014, according to the Idaho Secretary of State’s Office. According to Munson’s LinkedIn profile, she is seeking work as a “business consultant/CFO/controller for hire” for companies that cannot “afford a full-time person.”
According to court records, Munson got a job six months ago with a Nampa company that specializes in crop storage equipment.
The indictment was issued Dec. 8 and Munson was arrested three days later. She was released from the Ada County Jail on Dec. 14 after posting a $50,000 bond.
She is scheduled to be arraigned Jan. 8 before District Judge Melissa Moody.