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Former Preston-Osborne bookkeeper is sentenced for wire fraud

A Winchester woman who worked as a bookkeeper at Preston-Osborne, a marketing communications and research firm in Lexington, was sentenced to two years in prison Wednesday for using company credit cards for personal purchases and expenses totaling nearly $300,000, according to a news release from the U.S. Attorney's Office.

Louise Ann Young, 62, pleaded guilty to charges of wire fraud in August 2010. She admitted that she used the credit cards between 1999 and December 2008 and attempted to conceal the charges by transferring money from a company line of credit at National City Bank.

U.S. District Court Judge Karen K. Caldwell sentenced Young to two years in prison and restitution payment of $292,934.30. Young must serve at least 85 percent of her sentence and must remain on probation for three years after her release, according to federal law.

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