Monday, November 22, 2010

Missouri Woman Pleads Guilty To $650K Embezzlement Scheme

Marcia Jackson, 51, of Florissant, Missouri, pleaded guilty to charges admitting she embezzled more than $650,000 from the Show-Me Institute, a local think-tank, where she had been employed as an office manager. Specifically, Jackson pleaded guilty to one count of theft greater than $25,000 and 24 counts of fraudulently using a credit device. Authorities alleged that over a period of three years, from November 2006 to December 2009, Jackson misappropriated the funds from the institute and used the monies to pay for home repairs, spa treatments, hair replacement treatments, jewelry and numerous vacations. According to media reports, Jackson was fired for unprofessional conduct and insubordination and an audit ensued, which revealed the thefts. She was subsequently charged with the embezzlement in July 2010.

Read the story here, here and here.

Update (1/21/11): Jackson was sentenced to 7 years in prison.

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