Accountant Denise Swanson of Statesville, North Carolina gave new meaning to her company, “Bottom-Line Accounting”. Between 2006 and 2012, Swanson performed tax preparation services for her clients and businesses, which also included receiving funds from clients to make tax payments on their behalf.  Instead of paying the IRS, Swanson embezzled the money for her own personal expenses.

Not only was Swanson sentenced to 24 months in prison, 3 years of supervised release and ordered to pay restitution to her clients to the tune of $839,830, she was ordered by the IRS to pay back taxes of $249,912 for failing to report her embezzled income. Swanson had previously pleaded guilty to tax evasion for the year 2010.

You could say “Bottom-Line Accounting” hit rock bottom!