Former bookkeeper Annette Yeomans, 51 embezzled $9.9 million – she bought 400 pairs of shoes, that she kept in a room-sized closet decorated with a crystal chandelier and a plasma television, authorities claim.
Here is the breakup -at least $240,000 on 400 pairs of shoes, $300,000 on designer clothing and 160 purses valued at $2,000 each, investigators allege; remodeled bedroom into a closet with the chandelier and a 32-inch TV.
Meanwhile, the company Quality Woodworks, Inc., a cabinetry business (where she worked as CFO) in San Marcos, CA was forced to lay off workers and restructure operations because of the losses.
According to Sgt. Mark Varnau of the Sheriff’s Department told CNN ” She used these monies to gamble. She used them to remodel her home. She used them to buy expensive clothes, shoes, [including] a $4,000 pair of Italian shoes. She had more than 400 pairs of shoes in her closet. She had 160 high-end purses valued at $2,000 apiece.”
A sheriff’s investigation revealed that on a weekly basis, Yeomans would spend $25,000 on her credit card and then pay off the balance the following Monday with company funds.”
Ah, ain’t that something? We all talk about Ponzie schemes but how many of these “small” schemes are floating out there before they get caught?
Someone gets to buy fancy shoes and people end up loosing jobs! What a shame! I guess greed just overtakes one’s conscience?
Seriously, what do you feel when you read something like this?
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http://www.cnn.com/2009/CRIME/03/08/california.alleged.embezzlement/index.html
