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

A Guilford woman was found guilty on Thursday 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 on Thursday, 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.”