Monday, November 7, 2011

Colorado Woman Sentenced For Embezzling $1 Million From State Public Employee's Retirement Association

Beth Ann Roybal, 53, of Denver, Colorado, has been sentenced to 10 years in prison for embezzling some $1 million from the Colorado Public Employee Retirement Association (PERA), where she had been employed as a senior portfolio manager for real estate.  According to authorities, over a period of 16 years, from 1993 until 2009 Roybal, skimmed rent checks and submitted fraudulent invoices for her own benefit on a property she managed on behalf of the Association.  Roybal was originally charged with 19 counts of felony theft and one count of forgery.  She plead guilty in August to one count of felony theft.  Roybal still faces a restitution hearing scheduled for November 21, 2011. 

Read the story here and here.

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