Showing posts with label breach of trust. Show all posts
Showing posts with label breach of trust. Show all posts

Wednesday, February 19, 2014

South Carolina Woman Sentenced For Embezzling $130K From Auto Dealership

From the Jasper County Sun:

A former employee of a group of local car dealerships was sentenced to two years in prison on Thursday, for embezzling more than $130,000 over a three-year period, according to the 14th Judicial Circuit.  Jessica Goodman, 33, of Garnett, pleaded guilty to one count of breach of trust over $10,000. Judge Carmen Mullen sentenced her to the prison time to be followed by five years of probation and the repayment of $133,064.

Goodman, who worked in the accounting department of the New River Auto Mall, stole the money between October 2009 and October 2012. The money was traced to her bank account at Wells Fargo in Bluffton.

...

Read the story here.

Wednesday, October 6, 2010

French Rogue Trader, Jerome Kerviel, Convicted On All Counts; Must Pay $US6.7 Billion In Restitution

Former Societe General, SA trader, Jerome Kerviel, 33, of France, was convicted on all counts, including forgery, breach of trust and unauthorized computer use, for his role in what is described as "history's biggest rogue trading scandal." Kerviel was sentenced to 3 years in prison and also ordered to pay restitution to Societe General in the amount of 4.9 billion euros ($6.7 billion). Kerviel was originally arrested in January 2008 for covering up trading bets worth nearly euro50 billion between late 2007 and early 2008. The magnitude of Kerviel's rogue trading loss eclipse those of Barings Bank's Nick Leeson in Singapore ($1.3 billion in 1995) and Sumitomo's Yasuo Hamanaka in Tokyo ($2.6 billion in 1996).

Read the story here, here and here.