Monday, July 26, 2010

Massachusetts Woman Pleads Guilty In $200K Embezzlement Case

Sarah A. Richard, 58, of Shirley, Massachusetts, pleaded guilty to charges she embezzled nearly $200,000 from Vitasoy USA Inc., where she had been employed as a bookkeeper handling accounts payable. According to prosecutors, Richard diverted $198,380.21 to "Imperial Cleaning" a company she and her husband controlled. The thefts allegedly occurred over a nearly five year period from November 2003 to October 2008. Richard reportedly altered at least 105 legitimate checks to make them payable to her cleaning company. Richards reportedly has blamed her actions on a terrible upbringing, a bad marriage and a gambling addiction. As part of her plea agreement, where she pleaded guilty to five counts of uttering and passing counterfeit securities, Richard will get only two years probation and must pay full restitution.

Read the story here and here.

Read the DOJ announcement of her guilty plea here.

Another light sentence, IMHO...

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