Friday, December 4, 2009

California Woman Charged With Embezzling $250K

Sivalatha "Siva" Sadasivam, 40, of Tracy, California has been charged with embezzling some $250,000 worth in gift cards from Lodi-based property management firm, RPM Company. Sadasivam, who was in charge of purchasing gift cards from Safeway Stores for prospective clients, instead kept many for herself. She would then exchange cards for other retail outlets such as Best Buy and Nordstroms and used them to purchase personal luxury items for herself and her husband. The scheme dates back about five years to at least 2004. She has been charged with two felony counts each of embezzlement and grand theft. Sadasivam holds dual citizenship in the US and Malaysia.

Read the story here and here.

Update (3/29/11): Sadasivam, now 42, was sentenced to three years and four months in prison after pleading guilty in this case. Read an update of the story here.

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