Donovan A. Greene, 32, of Crystal Lake, (inset) pleaded guilty last week in a case where he admitted to stealing over $100,000 from his former employer, AMS Store and Shred in Lake in the Hills. | Background Photo: Google Street View

A former employee of a business in Lake in the Hills has pleaded guilty after prosecutors say he stole approximately $400,000 from the company over the span of several years.

Donovan A. Greene, 32, of Crystal Lake, was charged in December 2021 with financial institution fraud, theft over $100,000, fraudulent use of a credit or debit card and receiving goods or services in violation of credit card act.

A grand jury later indicted him on charges of theft over $100,000, financial institution fraud and unlawful use of a credit card.

A criminal complaint filed in McHenry County Circuit Court said Greene was employed by AMS Store and Shred in Lake in the Hills.

Greene had unlawfully used a company credit card issued to him by making unauthorized purchases, the complaint said.

The complaint said Greene executed a scheme to obtain money and assets through a loan scheme using the owners’ names and issuing himself double paychecks.

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Court records show the scheme occurred from February 2015 to September 2020.

The complaint initially said Greene, who was acting as the business accountant, stole $138,032 cash from the company.

Prosecutors later said Greene is believed to have actually stolen closer to $400,000, the Northwest Herald reported.

Prosecutors said the business’ insurance company reimbursed them for $175,000 of the loss and Greene will likely be required to pay back the remaining $225,000.

Greene has been out of custody since his arrest in December 2021 where he posted 10% of a $100,000 bond.

During a court hearing Wednesday, Greene pleaded guilty to the most serious charge against him, theft between $100,000 and $500,000, which is a Class 1 felony.

Greene could be sentenced to probation or he could be sentenced to four to 15 years in the Illinois Department of Corrections.

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A sentencing hearing is scheduled for September 13.