56 year-old Carol Crawley Maultsby of  Haystack Hill Road in Winston-Salem, pleaded guilty in Forsyth Superior Court to eight counts of embezzlement. Maultsby was the vice president of corporate risk management for Novant Health Inc., the parent company of Forsyth Medical Center in Winston-Salem.

From 2003-2010,  Maultsby authorized 50 checks, each worth $12,000 to $13,000, to be issued to Excel Strategic Solutions, a fake company.  Police said the checks were mailed to the post office box in Greensboro, where Maultsby picked them up and cashed them at Suntrust Bank.

The Winston-Salem Journal reports Judge William Z. Wood sentenced her to serve a total sentence of four years, to five years and four months in prison and suspended the rest of the time, during which she will be on probation.

According to the newspaper, she’ll have to use her retirement account, worth about $300,000, to pay Novant restitution. She will spend the rest of her probation paying the rest of the money she is accused of embezzling.