Monday, May 3, 2010

Update: California Woman Pleads No Contest To Charges She Embezzled $560K

Michele Renee Ganczarski, 46, of Santa Clara, California, pleaded no contest last Thursday to charges she embezzled $561,927 from MacCorkle Insurance Service where she had been employed as an accounting manager. According to prosecutors, Ganczarski wrote herself 87 checks from company accounts over a period of nearly two years, between October 2007 and June 2009, and deposited them into her own accounts. Ganczarski was arrested in late July 2009 after an audit revealed a large amount of cash missing and authorities were contacted. She plead no contest to five counts of identity theft, four counts of forgery and one count of embezzlement. She was originally charged with 20 counts of embezzlement greater than $400, 19 counts of obtaining personal identification information for an unlawful purpose and 19 counts of forgery. Ganczarski will be sentenced on June 1, 2010 and faces up to 8 years in prison. She is still in custody in lieu of $2 million bond.

Read FraudTalk's original post on this story here.

Read the story here and here.

Update (10/23/10): Ganczarski was sentenced to eight years in prison Friday.

Update (12/10/10): Ganczarski was ordered to pay some $1.4 million in restitution.


Anonymous said...

Do you have an update on this story?

Anonymous said...

What was her sentence?

Anonymous said...

What happened to her? How much time did she get? Where is she?