Catherine Bullard, 37, of Oakland, California, was indicted in July on four counts of wire fraud and five counts of bank fraud in connection with her alleged embezzlement of more than $240,000 from three local small businesses for whom she had served as bookkeeper. According to an article in the Contra Costa Times published today, the thefts have nearly ruined the three local businesses, including A Step Forward, a clothing and accessories store located in the Oakland Piedmont Avenue shopping district; Molly B, a fashion retailer with two locations in Berkeley, Calif.; and Monsoon Corporation, a custom jewelry establishment in the Montclair neighborhood of Oakland. Prosecutors allege that over a period of more than four years, from December 2005 until January 2010, Bullard siphoned funds from all three businesses primarily by forging checks from the businesses and depositing them into her own accounts. Read the story here.
Read the DOJ announcement here.
Update (9/16/11): Bullard, now 38, has been sentenced to 27 months in prison for embezzling what is now believed to be a total of $525,000 from 3 fashion shops in the East Bay of the San Francisco area. The thefts are now reported to have spanned a 7 year period, from 2003 until her indictment in 2010. Bullard pleaded guilty on Wednesday to one count of wire fraud and two counts of bank fraud.
Update (9/16/11): Bullard, now 38, has been sentenced to 27 months in prison for embezzling what is now believed to be a total of $525,000 from 3 fashion shops in the East Bay of the San Francisco area. The thefts are now reported to have spanned a 7 year period, from 2003 until her indictment in 2010. Bullard pleaded guilty on Wednesday to one count of wire fraud and two counts of bank fraud.
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