Guilford woman at center of one of Maine’s ‘largest embezzlement cases’ receives 9-year sentence

By Leela Stockley, Bangor Daily News Staff

DOVER-FOXCROFT — A Guilford woman who was found guilty of stealing more than $700,000 from a Medford company over a period of three years has been sentenced to nine years in prison.

Terri Moulton, 53, Guilford, was found guilty in July of Class B Forgery and Class B Theft, after stealing more than $730,000 from the Dewitt Machine & Fabrication Company of Medford. 

Earlier reporting from the Bangor Daily News listed the embezzled money as totaling more than $900,000. In an email quoted in July, 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.”

Moulton received a nine-year sentence for theft, with all but four years suspended, and is responsible for a restitution of $75,000. She will be eligible for a three-year conditional probation.

Moulton also received a concurrent nine year sentence with the same conditions for forgery. A stand alone restitution is part of her sentence agreement, but restitution details were not made available on Monday afternoon. 

“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,” the DeWitt family commented after the guilty verdict was issued in July.