Sunday, January 10, 2010

Former California Office Manager Charged In $2 Milliion Embezzlement Case

Cheryl Lynn Holder, 55, of Red Bluff, California, was charged this week with embezzling $2 million from John Wheeler Logging Inc., where she had been employed as office manager. According to prosecutors, Holder's scheme lasted five years, from 2004 to 2009. Details of the nature of her embezzlement have not yet been released. Holder was a 20 year employee of the company, according to reports. Specifically, she has been charged with grand theft. Holder is also known as Cheryl Stone and Cheryl Webb, according to authorities. She is the wife of David Holder, who is a shareholder and president of the company. He has not been charged in the case.

Read the story here and here.

Update (2/26/11): Holder, now 56, has plead guilty to one count of felony grand theft in connection with her embezzlement of some $2 million from John Wheeler Logging, Inc. over a five year period. She faces up to 3 years in prison upon sentencing, which is scheduled for April 5, 2011.

Update (4/5/11): Holder was sentenced to 3 years in prison.

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