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FraudTalk is a blog focused on the review and discussion of recent significant cases of fraud, corruption and employee misconduct - particularly major embezzlement cases in the US. Fraud Talk is published by Chris Marquet, Chairman & CEO of Marquet International Ltd., an international investigations, litigation support and due diligence firm.
Thursday, December 11, 2008
Former California Bookkeeper Indicted For $466K Embezzlement
Shannan Lee Bauman, 57, of Bonsall, California, was indicted yesterday on charges she embezzled $466,074 from her employer, Ranch & Sea Management, a real estate management company based in San Diego. According to the complaint, Bauman, who was employed as the company's bookkeeper, issued unauthorized checks, altered money orders and made false entries in the accounting system to cover up the theft. She has been indicted on wire fraud, mail fraud and filing false tax return. The scheme allegedly occurred between November 2001 and May 2005.
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