Virginia Woman Pleads Guilty To Embezzling $1.33 Million From Construction Company

Shelly Annette Spencer, 48, of Fernwood Farms, Virginia, has pleaded guilty to charges she embezzled more than $1.33 million from Higgerson-Buchanan Inc., a local construction company where she had bookkeeping responsibilities.  According to prosecutors, over a period of more than 5 years, from late 2004 to the spring of 2010, Spencer wrote 308 checks from company coffers for her own benefit.  Specifically, Spencer plead guilty to 65 felony counts, admitting to embezzling a total of $1,333,283.68.  It is believed to be the largest embezzlement in Chesapeake County.

Read the story here and here.

Hat tip: FraudTalk reader Joe.

Update (7/16/12): Spencer, now 49, has been sentenced to 16 years in prison for embezzling some $1.33 million from Higgerson-Buchanan Inc.