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 FraudTalk's earlier posts on this story here and here.

Read the story here.

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