Saturday, January 2, 2010
Ohio Woman Charged In $1.8 Million Embezzlement Case
Karin Andrea Goeldi, 44, of Akron, Ohio and a native of Switzerland, has been indicted for allegedly embezzling nearly $1.8 million from Cedarwood Development Inc., a real estate firm she had been employed by as executive secretary for more than a decade. Goeldi has been indicted on one count of aggravated theft and faces up to 10 years in prison, plus restitution and a $20,000 fine if convicted. Authorities allege that over an eight year period, beginning in 2001, Goeldi wrote a "multitude" of checks payable to cash or herself. The checks thefts reportedly began in small amounts and gained momentum over time. The thefts added up to $1.78 million and much was spent on maintaining a lavish lifestyle, including real estate, lavish trips and luxury items. Goeldi was originally arrested last July and is scheduled for her next court hearing on January 16th.