Wednesday, October 27, 2010

Ernst & Young Executive Assistant In California Sentenced For $1.7 Million Embezzlement Scheme

Lily C. Aspillera, 65, of San Francisco, California, was sentenced to 30 months in prison for embezzling some $1.7 million from the accounting firm of Ernst & Young where she had been employed as an executive assistant. According to prosecutors, Aspillera wrote numerous fraudulent checks to herself or to "cash" from an E&Y client account over a six year period, from 2002 until 2008. She also wrote checks to two employees of the client in excess of the funds they were due and had them kick-back the additional funds. Aspillera reportedly used the ill-gotten gains to finance a lavish lifestyle including a $180,000 down payment on a $1.1 million home in exclusive St. Francis Wood neighborhood of San Francisco, luxury trips, 2 BMW automobiles and jewelry worth more than $200,000. She plead guilty last April to mail fraud and tax evasion charges and must pay restitution of $1.7 million, plus $644,843 in back taxes. Independent research reveals that Aspillera filed for bankruptcy in October 2008.

Read the story here and here.

Read the DOJ announcements here .

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