Friday, September 4, 2009

Former Texas Accounting Supervisor Indicted In $3.6 Million Embezzlement Scheme

Diana E. Simon, 49, of Sugar Land, Texas, was indicted earlier this week for allegedly embezzling more than $3.6 million from Kaneka Texas, a chemical company and a subsidiary of Kaneka Japan, based in Pasadena, Texas, where she had been employed as an accounting supervisor. According to prosecutors, Simon's scheme was perpetrated between June 2006 and February 2008, wherein she manipulated vendor invoices and caused $3,621,220 to be transferred into her own personal bank account. Simon reportedly used the embezzled money to buy a luxury home, luxury vehicles, jewelry and financed multiple gambling trips to Louisiana and Las Vegas. A trial is set for October.

Read the story here and here.

Read the DOJ announcement here.

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