Thursday, March 26, 2009

Serial Massachusetts Fraudster Now Charged With Embezzlement

Kimberlee Anne "Kim" Mastronardi, 50, of Marblehead, Massachusetts, was arrested yesterday and charged with embezzling from Bartlett & Steadman Plumbing, where she had been employed as office manager. Mastronardi, who handled payroll for the company, is alleged to have altered the payroll after approval but prior to submitting it to the payroll servicing company. According to investigators, Mastronardi's 2008 W-2 showed nearly $190,000 in income when she is paid $23 per hour. With approximately 2,000 working hours in a given year, Mastronardi would have earned about $46,000. Company owner Richard Steadman claims that Mastronardi has been embezzling from the company for five years. That could mean several hundred thousand dollars embezzled over that time period. We note that in 1998, Mastronardi was convicted on four counts of larceny, forgery and falsifying books and received a one year suspended sentence. In 2001, Mastronardi was charged with multiple counts of credit card fraud and identity fraud. Some of those charges were dismissed, but she plead guilty to others and received a 2 year suspended sentence in 2003.

Read the story here.

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