Wednesday, January 20, 2010

Update: Ohio Woman Pleads Guilty In $1.8 Million Embezzlement Case

Karin Andrea Goeldi, 44, of Akron, Ohio, has pleaded guilty to one count of aggravated theft for embezzling nearly $1.8 million from Cedarwood Development Inc., a real estate firm she had been employed by as executive assistant to the president for more than a decade. Goeldi faces a sentence of up to 10 years in a scheme that reportedly lasted nearly that long, from late December 1999 to July 10, 2009, when she was arrested. According to prosecutors, 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 is a native of Switzerland who came to the US in 1978, according to reports.

Read FraudTalk's original post on this story here.

Read the story here.

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