Lisa Shae Allen, 37, of Modesto, California, was indicted today on charges that she embezzled some $1.6 million from her employer, G. Hedgecock Inc., a grading and paving company. Specifically, Allen was indicted on 47 federal counts including mail fraud, money laundering, and criminal forfeiture stemming from what prosecutors described as an elaborate embezzlement scheme. According to the indictment, the embezzlement occurred between January 2002 and March 2007. Allen was employed as the company's controller and had access to all the books and records. She is reported to have spent the stolen funds on such items as real estate, a pool, vehicles and credit card bills. If convicted, Allen faces up to 20 years in prison and $250,000 in fines, plus restitution.
Read the story here.
See the indictment here.
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