Friday, September 25, 2009

Massachusetts Woman Indicted In $200K Embezzlement Case

Jennifer St. Clair, 37, of Freetown, Massachusetts has been indicted on state charges she embezzled some $200,000 from an unnamed New Bedford-based produce distributor for which she had been employed as an accounts receivable collector. According to the Massachusetts Attorney General's office, St. Clair stole "large amounts" of cash from daily receipts of cash and checks that she was supposed to prepare for deposit into company accounts. The scheme, which lasted from July 2006 to October 2008, also involved her alleged making of false entries in the books and records in an effort to conceal her actions. Specifically, St. Clair was indicted on 3 counts of falsifying corporate books and one count of larceny over $250 by continuous scheme.

Read the story here and here.

Read the Mass AG's announcement here.

Update (3/12/11): St. Clair, now 39, was sentenced to one year in prison. She was also ordered to pay full restitution in the amount of $204,400 to Sid Wainer & Son, a local produce distributor where she had been employed for 15 years as an accounts receivable collector.

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