By LeaAnne Klentzman
Terry Smith, 58, of Sugar Land has been convicted and sentenced to a total of 65 years in prison and assessed $30,000 in fines for Theft, Money Laundering, and Misapplication of Fiduciary Property. According to lead prosecutor on this case, Rodolfo Ramirez, Terry Smith was the comptroller over all company accounts for Flexcore of Texas for over 30 years. Ramirez said between the years of 1999 and 2008 Smith stole approximately 1.3 million dollars from the family owned business.
Hired at only 21 years of age, Smith gained the trust of the company’s owners and had unfettered access to all company finances. Evidence presented at trial revealed that in her final three years with Flexcore, Smith was making over $100,000 with paid medical insurance and a 401K plan.
Flexcore also paid for her college education, funded a home in an affluent subdivision, purchased a second home in Austin, and bought lake front property and a boat. Ramirez said, “At one point, the defendant paid a high-end furniture store approximately $19,000 and was making monthly payments to a local country club.”
He went on to say, “This case was about greed, plain and simple,” said Ramirez. “The company had given the defendant so much over the years, but she couldn’t steal enough to keep up with her spending.”
Smith was tried in the 400th District Court before Presiding Judge Clifford J. Vacek. Smith was sentenced to 25 years for Theft and 20 years each for Money Laundering and Misapplication of Fiduciary Property. She was also fined the maximum $10,000 in each case; the sentences will run concurrently.
Assistant District Attorneys Rodolfo Ramirez and Zahra Jivani Fenelon prosecuted the case. Attorneys Robert Scardino and Anthony Scardino represented the defendant.