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Michelle Walters agrees to plea deal for embezzlement

WAUSAU, WI (WTAQ) - A central Wisconsin woman could go to prison for six years, after she admitted stealing almost a half-million dollars from a long time employer.

40-year-old Michelle Walters of Athens pleaded guilty Monday to three Marathon County charges of felony embezzlement. Four similar counts were dropped in a plea deal.

She'll be sentenced June 13th.

Walters was accused of stealing the money over a 20-year period from the Wausau retirement planning firm of Northwestern Wisconsin Associates. She has reportedly paid back about $100,000, or about a-fifth of what she stole.

Officials said Walters wrote unauthorized checks to a number of companies for her personal gain. No clients lost any retirement funds.

Both sides recommend two years behind bars, plus four years of extended supervision for each of the three counts. Prosecutors want her locked up in a state prison, while the defense seeks county jail time plus probation. 

(Story courtesy of Wheeler News Service)