Monday, January 9, 2012

Former Satellite Radio Bookkeeper Pleads Guilty To Embezzling More Than $900K

Brenda L. Jones, 46, of Lothian, Maryland, has pleaded guilty to embezzling more than $908,000 from Sirius XM Radio where she had been employed as a bookkeeper handling accounts payable.  According to authorities, over a period of more than one year, from 2005 through 2006, Jones diverted vendor payments for her own benefit.  Another Sirius employee, Valencia P. Person allegedly was the beneficiary of some of the funds diverted by Jones.  The two were sued in a civil action in November 2010 by Sirius XM Radio which won a judgment for $2,143,893 plus costs, against the women to recover losses caused by the defalcation. 

Read the story here and here.

Read the DOJ announcement here.

Update (3/16/12): Person, 54, has plead guilty to fraud charges admitting she conspired with Jones to misppropriate more than $900,000 from Sirius XM Radio.  Specifically, Person plead guilty to one count of conspiracy to commit wire fraud and faces between 24 and 30 months in prison.

Update (8/10/12): Person was sentenced to 15 months in prison for her part in the scheme to embezzle more than $900,000 from Sirius XM Satellite Radio.

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