Guilford woman found guilty in ‘one of the largest embezzlement cases’ in Maine history

By Ethan Andrews, Bangor Daily News Staff

DOVER-FOXCROFT — A Guilford woman was found guilty on July 25 of stealing more than $700,000 from a Medford company over a period of three years.

Terri Moulton, 53,  Guilford, was found guilty of Class B Forgery and Class B Theft after a four-day jury trial in Dover-Foxcroft.

Moulton worked as an office manager and bookkeeper for the Dewitt Machine & Fabrication Company of Medford. 

From January 2019 through February of 2022, she is accused of stealing more than $730,000 from the company, according to the Piscataquis County District Attorney.

Earlier reporting from the Bangor Daily News listed the embezzled money as totaling more than $900,000. In an email, prosecutor R. Christopher Almy said, “Further investigation showed $730,000 plus. That [is] what we could prove beyond a reasonable doubt.”

Almy called it “one of the largest embezzlement cases in the history of the state of Maine, certainly the largest in Piscataquis County.”

Last year, a Bridgton man was convicted of embezzling $1.8 million from an unnamed family owned Connecticut business, where he was employed as an office manager.

In 2021, a Bath man was convicted of embezzling $2.7 million from an unnamed company. He allegedly used the money to buy luxury cars, jewelry and trips to resorts.

After the verdict in Moulton’s case, the Dewitt family said in a statement, “The family business had been built on a foundation of trust and hard work, and to be taken advantage of in this manner was devastating. It was a huge disappointment to endure this betrayal.”