Thursday, June 21, 2012

Former Payroll Manager In Minnesota Charged With Embezzling $1.1 Million From Land O’ Lakes

Cynthia Carol Jacobsen, age 58, of Brooklyn Park, Minnesota, has been charged with embezzling more than $1.1 million from Land O' Lakes, Inc. where she had been employed as a payroll manager.  According to authorities, over a period of about 4 years, from 2008 through May 2012, Jacobsen fraudulently used her daughter's name in the vendor system to make payments from company coffers for her own benefit.  Jacobsen reportedly has a prior criminal conviction for theft.  She has been charged in a one count Information with mail fraud. 

Read the story here and here.

Update (7/13/12): Jacobsen pleaded guilty to mail fraud.  She faces up to 51 months in prison.

Update (11/29/12): Jacobsen was sentenced to 26 months in prison and ordered to pay $1.04 million in restitution.

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