Tuesday, February 17, 2009

Pennsylvania Woman Charged With $500K Embezzlement

Tracey Totten-Davis, 41, of Coatesville, Pennsylvania, was arrested on 90 counts of theft, receiving stolen property and unlawful use of a computer, in connection with the alleged embezzlement of nearly $500,000 from Hollow Run Apartments in West Chester over a 7 year period. Totten-Davis allegedly took rent money and security deposits and transferred them to her own accounts. The scheme also involved a dummy company she set up, Choice Cleaning, allegedly for cleaning services, but actually controlled by Totten-Davis, to which monies were sent, according to investigators. Totten-Davis reportedly was a big gambler and also may have spent some of the money on home improvements.

Read the story here and here.
Watch the video here.

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