Thursday, January 27, 2011

California Bookkeeper Accused Of Embezzling $4.8 Million

Georgia Ann Engelhart, aka Ann Ray, 67, of Antioch, California has been accused in a civil lawsuit of embezzling some $4.8 million from Tanklages Construction where she had been employed as a bookkeeper. According to the civil complaint, Engelhart forged signatures, altered checks, made phony transfers and engaged in other schemes to embezzle funds from various Tanklages-related partnerships and companies. The embezzlement reportedly came to light after Englehart quit her job with the company in August 2009, submitting a resignation letter admitting to the thefts. The lawsuit claims that Engelhart's schemes spanned at least 30 years.


Read the story here.

Update (7/20/11): Englehart, also known as Ann Ray, pleaded guilty to six counts of tax evasion in a plea agreement with prosecutors.  She faces up to 46 months in prison upon sentencing, scheduled for October 25, 2011.

Read an update of the story here.  Englehart reportedly used some of the ill-gotten gains to gamble at casinos and take expensive trips.

Update (10/27/11): Englehart, aka Ann Ray, has been sentenced to 48 months in prison.  She has also been ordered to pay $4.8 million in restitution, plus $1.3 million in back taxes on the ill-gotten gains.  According to media reports, Englehart, who worked for the Tanklage family for 34 years, began stealing in the 1980s.  However, by 2004, she was stealing hundreds of thousands per year.

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