Monday, June 14, 2010

Georgia Woman Charged In $2 Million Embezzlement Case

Sandra L. Coombs, 38, of Waycross, Georgia, was indicted last Thursday on charges she embezzled more than $2 million from Ace Pole Co., a local utility pole manufacturing business where she had been employed. According to prosecutors, over a four year period, from August 2005 through June 2009, Coombs forged a series of checks payable to herself which she deposited into her own accounts. Specifically, Coombs has been charged with 25 counts of bank fraud and five counts of aggravated identity theft. Authorities believe Coombs spent the money to fund a lavish lifestyle which included shopping sprees, Carnival Cruise trips with friends, home renovations and gifts to her family and friends. Coombs, who had worked for the company in a bookkeeping capacity for 8 years, had been arrested on April 22, 2009, for possession of methamphetamine and marijuana.

Read the story here.

Hat tip: Reader Joe.

Update (10/20/10): Coombs, now 39, pleaded guilty yesterday to one count of bank fraud and two counts of aggravated identity theft in connection with a scheme to steal more than $2 million from Ace Pole Company of Blackshear, Georgia.

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