Saturday, May 11, 2013

Oklahoma Woman Charged With Embezzling More Than $281K From YWCA; Had Served As CFO

From the Oklahoman on 5/10/13:

A former chief financial officer accused of stealing more than $280,000 from YWCA Oklahoma City was charged with embezzlement Thursday in Oklahoma County District Court.

Shannon Marie Rickards, 41, of Oklahoma City, admitted to charity executives and investigators that she transferred ownership of two bank cards to her name to steal funds, court records show.
Rickards is accused of embezzling $281,410 between October 2010 and January 2013, according to a probable cause affidavit.

All the embezzled money came from revenues generated by Our Sisters' Closet, a resale store at 2209 W Interstate 240 Service Road.
Rickards told investigators she used the cards at automated teller machines to withdraw funds from an account that belonged to the resale shop. Security footage shows Rickards using the cards at ATMs inside gambling facilities, prosecutors said. She also admitted to altering bank statements to cover up the embezzlement.

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