Monday, March 16, 2009
A 51-year old San Diego woman is accused of embezzling more than $9.9 million over 7 years from her employer to fund her personal lifestyle and gambling habit.
"The woman is also accused of using nearly $25,000 to convert a bedroom into a closet to store her extensive shoe and clothing collection. Investigators say that the collection consisted of 400 pairs of shoes valued at a total of $240,000, designer clothing valued at a total of $300,000, and 160 designer purses valued at a total of $320,000. The closet included a granite covered center island, crystal chandelier, and a 32 inch plasma television."
The Sheriff's Department says that the woman was able to conceal the alleged scheme for so long because of her position at the company: chief financial officer. The losses resulting from the alleged thefts forced the company to conduct layoffs and restructure its operations.
The woman faces charges of grand theft and embezzlement.
Her laid-off co-workers must love her. So sad. The full story here.