Tuesday, July 7, 2009
Update: Former California Bookkeeper Sentenced To 18 Years For $10 Million Embezzlement
Annette C. Yeomans, 51, of Escondido, California, was sentenced to 18 years in prison for embezzling some $9.9 million from Quality Woodworks, Inc., of San Marcos, California, where she had been employed until 2008 as chief financial officer. According to prosecutors, Yeomans spent the money on a gambling habit and to sustain a lavish lifestyle that included shopping sprees and luxury items that included a collection of some 400 pairs of shoes. She was also ordered to pay restitution. In her plea agreement, Yeomans admitted she stole the money over a 7 year period between 2001 and 2007. She reportedly racked up thousands of dollars in credit card charges and had them paid off by the company.
Read the story here.