Sunday, March 14, 2010

Former Tennessee CFO Charged With Embezzling $166K From Public Company

Ruey Ann Gordon, 58, of Brentwood, Tennessee, was charged Friday with embezzling $166,000 from publicly traded Goldleaf Financial Solutions, Inc., where she had been employed as chief financial officer of the company's technology division. According to prosecutors, Gordon issued a series of fraudulent Automated Clearing House transactions over a period of nearly 2 years, from January 2006 to November 2007, which were deposited into her own personal banking account. She then created false entries in the company’s accounting system to cover up the fraud, according to the complaint. Goldleaf describes itself as a "leading payments technology provider for the successful automation and integration of transaction processing solutions." Gordon, who has been charged with one count of money laundering, faces up to 10 years in prison if convicted.

Read the story here, here and here.

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