Susana Tantico worked for two separate nonprofits in the Seattle area and stole millions of dollars from each, using the money to gamble, shop, and pay for vacations.
SEATTLE – A former CFO of two separate nonprofits was sentenced to prison Tuesday by Acting U.S. Attorney Tessa M. Gorman, after embezzled about $550,000 a year from 2016 to 2022. .
The former CFO was found guilty of embezzling more than $3 million over the course of 11 years and was sentenced to around 3.5 years in prison. New information posted from the United States Attorney’s Office.
Susana Tantico, 63, of Renton, worked as a CFO at a nonprofit that provides health care to underserved populations and another nonprofit focused on Criminal Justice. She defrauded two nonprofits, then used the money to fund vacations and lavish shopping, to gamble, and to pay off a home mortgage.
“Multiple Sclerosis. Tantico chose to fall victim to nonprofits whose work is important to our community: an employer who provided care. medical care for those who cannot afford it; the rest is supporting youth in the criminal justice system,” said Acting U.S. Attorney Gorman. “But for over 11 years, know that She is putting critical services in jeopardy, she has stolen millions to finance her mortgage, pay for vacations and fund her gambling losses.”
Tantico started working for the healthcare nonprofit in 1999, later becoming its chief financial officer. Records only show that between December 2016 and 2020, Tantico stole a total of nearly $2.3 million, the news release said.
She withdrew $1.6 million from casinos to gamble, and used credit and debit cards from the nonprofit to pay for family trips, tech purchases, and more. retail shopping.
According to the newsletter, in 2020, Tantico started working for another nonprofit and she stole a total of nearly $893,000 from this nonprofit.
Of that amount, $485,000 is used to gamble at casinos. When questioned by the nonprofit’s bank about casino withdrawals, Tantico told the bank that the nonprofit organized youth programs at the casino and the withdrawals is to receive cash prizes.
In court on September 5, Dominique Davis of Community Passageways, a Seattle-area nonprofit focused on assisting youth and young adults in the criminal justice process, spoke about the impact of Tantico’s embezzlement behavior towards the organization.
“This is brutal, this betrayal of trust,” Davis said. “It almost ruined our entire organization. We barely survived this. We have been turned into villains.”
She also used $21,000 to pay off her mortgage and transferred the money to her personal bank account. According to the document, she then changed her bank records to conceal the embezzlement. Throughout his career, Tantico hid his payments as business expenses and changed bank records.
Tantico spoke in court on September 5, stating: “I am truly sorry. They are my work family. It’s like I’m two separate people… I always meant to fix it.”
Once released, Tantico will be placed on probation for three years and must pay back $3.1 million.