Brenda Kaye Kemper, 58, of Lodi, California, pleaded guilty Friday to charges she embezzled nearly $500,000 from Big Valley Aviation Inc., a local employee owned aircraft service company where she had been employed as its sole finance officer and bookkeeper. The losses were originally thought to be as much as $1.1 million, but actual damages were determined to be $494,000 after an accounting audit was performed. She is alleged to have fraudulently used company credit cards for personal use over a seven year period. Kemper, who was arrested and indicted in January 2009, plead guilty to felony charges of grand theft and falsification of corporate books. She faces sentencing in September.Read the story here.
Update (1/15/11): Kemper, now 59, was sentenced to 40 months in prison.
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