Embezzlement

CEO admits stealing $15 million from her company to finance clothing boutique, Plaza Hotel visits, and $200K on relative's wedding

CEO admits stealing $15 million from her company to finance clothing boutique, Plaza Hotel visits, and $200K on relative’s wedding

That’s some high-end embezzlement. The U.S. chief executive of a German saw-blade manufacturer has pleaded guilty to stealing $15 million from the company to bankroll a luxury clothing and furniture boutique she ran on the side. Donna Osowitt Steele, 52, of Taylorsville, N.C. had worked for Tigra USA since 1999, starting in the shipping department …

CEO admits stealing $15 million from her company to finance clothing boutique, Plaza Hotel visits, and $200K on relative’s wedding Read More »

Shoe company exec embezzled $30 million in failed bid to woo TV news anchor — now he’s going to jail

Shoe company exec embezzled $30 million in failed bid to woo TV news anchor — now he’s going to jail

The other shoe has finally dropped on one lovelorn exec. The former chief financial officer of a high-end Massachusetts shoe maker has been sentenced to almost six years in prison for embezzling $30 million to help finance the career ambitions of a one-time TV newscaster he had fallen for. Richard Hajjar, 65, admitted he had …

Shoe company exec embezzled $30 million in failed bid to woo TV news anchor — now he’s going to jail Read More »

‘The theft was fatal’: Employee used 189 credit-card refunds to embezzle nearly $200,000 — bankrupting packaging firm

‘The theft was fatal’: Employee used 189 credit-card refunds to embezzle nearly $200,000 — bankrupting packaging firm

There is no such thing as a victimless crime. The trusted controller of a family-run Pennsylvania packaging firm has been sentenced to two years in prison for stealing nearly $200,000 from the company’s coffers, sending it into bankruptcy and all its workers to the unemployment line. Victoria Mazur, 54, of Pittsburgh, had worked for the …

‘The theft was fatal’: Employee used 189 credit-card refunds to embezzle nearly $200,000 — bankrupting packaging firm Read More »