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.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.
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