Friday 3 February 2012

Property Management Bookkeeper accused of $1.49M embezzlement

A 64-year-old La Jolla woman was arrested Thursday amid allegations that she embezzled $1.49 million from the Solana Beach firm where she once had worked, a San Diego County sheriff's detective said.

Financial crimes detective Sgt. Mark Varnau said Jennifer Davey "took significant funds over a long period of time."

Varnau said that while working for Beckman Properties as a bookkeeper and operations manager, Davey made up a fake company ---- dubbed Professional Advisors Unlimited ---- and then wrote checks to her "company" from Beckman's funds.

He said Davey altered or forged 332 of Beckman's checks. 

Davey worked for Beckman from 2000 until she was fired nearly seven years later, Varnau said. The embezzlement wasn't uncovered until a new bookkeeper came in, he said.

Varnau said Davey used money from the Beckman accounts to pay off her credit cards. He said that Davey also created counterfeit credit card statements to cover up the theft, and that those statements were superior in quality and design to the actual credit card bills.


Read article here.


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