Tuesday, January 17, 2012

California Woman Pleads Guilty To Charges She Embezzled $200K From Bed & Breakfast

Denise Ann Conophy, 51, of Calistoga, California, has pleaded guilty to charges she embezzled more than $200,000 from an unnamed 80-year-old woman and her bed and breakfast inn, for whom she handled her bookkeeping and finances.  According to authorities, over a 7 year period, Conophy systematically transferred the victim's assets to various accounts and used them to pay her personal bills as well as to start up an Internet business she was operating.  Conophy, who plead guilty to embezzlement, elder abuse and tax evasion, will be sentenced to 16 months and prison and has been ordered to pay $300,000 in restitution.

Read the story here.

Hat tip: FraudTalk reader Joe.

Update (3/9/12): Conophy was sentenced to 16 months in prison.

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