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FraudTalk is a blog focused on the review and discussion of recent significant cases of fraud, corruption and employee misconduct - particularly major embezzlement cases in the US. Fraud Talk is published by Chris Marquet, Chairman & CEO of Marquet International Ltd., an international investigations, litigation support and due diligence firm.
Friday, August 27, 2010
Maryland Woman Sentenced To 15 Years For $900K Embezzlement Scheme
Stephanie Ann Joseph, 50, of Fruitland, Maryland, has been sentenced to 15 years in prison for embezzling $884,277.08 from Thomas H. Ruark Inc., a local development firm where she had been employed as a bookkeeper for nearly 2 decades. Authorities alleged that Joseph would keep cash collected from clients and use a check from another account to conceal any monies stolen. She also allegedly changed the amount of deposits in computer records. Joseph plead guilty to felony theft charges. Auditors believe Joseph's scheme spanned more than 6 years, from January 2003 until May 2009.
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