Sunday, March 7, 2010

Update: California Woman Sentenced For Embezzling $1.43 Million

Desiree Herrera, 36, of San Jose, California, was sentenced to ten years in prison for embezzling $1.43 million from Payless Hardware and Rockery, where she had been employed as an accounts receivable clerk. According to authorities, Herrera skimmed cash receipts over a 7 year period, between 2002 and 2009, before they were to be deposited. Herrera's husband, Ruben Herrera, 37, was separately sentenced to one year in prison for laundering the stolen money through the their personal bank account. Desiree Herrera must also pay restitution in the amount of $1.43 million as well as $182,000 in back taxes, penalties and investigative costs. The Herrera's were originally charged last October with one count of grand theft, three counts of filing a false tax return, and nine counts of money laundering. They plead no contest to each of these counts last month. The couple reportedly spent much of the money remodeling their home and on gambling.

Read FraudTalk's original post on this story here.
Read the story here and here.

1 comment:

Anonymous said...

WOW---a spouse really can be arrested spending the money that they didn't directly embezzle.