Monday, February 2, 2009

Virginia Woman Pleads Guilty In $1 Million Embezzlement Scheme

Jennifer C. Shaeffer, 47, pleaded guilty last week to wire fraud in connection with an embezzlement scheme that netted some $1 million from her former employer, Tobii Technology Inc., of Falls Church, Virginia. According to prosecutors, Shaeffer served as the company's finance manager and handled payroll, financial records and bank accounts, allowing her to transfer the funds into accounts she controlled. Shaeffer allegedly concealed her actions by manipulating the company's financial records. She reportedly used the funds to pay gambling debts, go on vacations and to pay for personal items, such as jewelry. She faces up to 20 years in prison, plus fines and restitution.

Read the story here.

Read the DOJ's announcement here.

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