Thursday, November 11, 2010

Texas Woman Pleads Guilty In $2 Million Embezzlement Case

Brenda Duncan, 53, of Parker, Texas, pleaded guilty yesterday to wire fraud in connection with her alleged embezzlement of some $2 million from Atlas Copco Drilling Solutions where she had been employed as accounts payable bookkeeper. Authorities believe Duncan misappropriated $2,058,186 from her employer from June 2009 through March 2010 using fraudulent wire transfers. She allegedly opened a bank account in a name was similar to a legitimate vendor to effect the funds transfers. Research reveals that Duncan had been employed by the company since 1984.

Read the story here and here.

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