Friday, February 3, 2012

California Woman Arrested For Allegedly Embezzling Nearly $1.5 Million From Real Estate Concern

Jennifer Lyndi Davey, 64, of La Jolla, California, has been arrested and charged with embezzling $1.49 million from Beckman Properties, a group of related real estate investment firms, where she had served as a bookkeeper.  According to authorities, Davey submitted fraudulent invoices from a phony company she created, Professional Advisors Unlimited.  She is also alleged to have altered or forged at least 332 checks drawn against Beckman accounts, used company business funds to pay off her credit cards and created phony credit card statements to cover her thefts.  Davey had been an employee of Beckman for 12 years and the thefts spanned a report 7 years.

Read the story herehere and here.

Update (7/23/12): Davey has been sentenced to 68 months in prison resulting from a plea agreement after pleading guilty last April to grand theft and forgery. 

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