Thursday, April 28, 2011

Texas Woman Sentenced For Embezzling $240K

Sherry Locke Edge, 48, of Midland, Texas, has been sentenced to 27 months in prison for embezzling more than $240,000 from the Condor Operating Co., a local oilfield operator, where she had been employed as an accountant and bookkeeper. According to authorities, over a period of 7 years, from the summer of 2003 until June 2010, Edge wrote numerous unauthorized checks to herself. She was also accused of creating false entries in the company books and records in an effort to conceal her thefts. Edge, who pleaded guilty to one count of mail fraud in January, was also ordered to pay restitution in the amount of $250,672.91, plus a fine of $25,000.

Read the story here and here.

No comments: