California Woman Arrested In $10 Million Embezzlement
California Woman Arrested In $10 Million Embezzlement
Police say Yeomans routinely spent $25,000 per week on her credit cards, and then paid the bill each Monday morning using company accounts. At the time of her arrest, Yeoman had hundreds of pairs of expensive shoes valued at $240,000 and $320,000 worth of purses. She had also used company funds to convert a bedroom in her home into a closet that had expensive cabinetry, granite countertops, a 32-inch plasma television and a crystal chandelier.
In addition to her spending on personal and luxury items, Yeomans is accused of gambling away about $6 million of the company's funds. The company also employed Yeomans' husband, but police do not believe he was involved in the scheme. He was a cabinet installer for the company, and police believe he simply thought his wife's spending came from her salary and bonuses. Yeomans has turned over all of her personal possessions, including her cars, her home and its contents to the company, to recover some of its funds. In all, the company believes it can recoup about 20% of the funds Yeomans is accused of diverting.
FBI statistics, both in California and nationwide, show an increasing number of arrests related to embezzlement. Also on the rise is the amount of money being stolen. Embezzlement is a serious crime, and can result in long prison terms, high fines and restitution awards, and the loss of employment and personal assets. If you've been arrested for embezzlement, you need the assistance of a skilled criminal defense attorney like Robert Michael Helfend.
Mr. Helfend has practiced criminal defense exclusively in Southern California for nearly 25 years in both the local and federal court systems. Mr. Helfend is an established attorney and has a reputation of fighting aggressively for his clients' interests. While Mr. Helfend cannot guarantee the outcome of any court case, he will always work for the best possible outcome under the circumstances of your case. If you need help with an employment-related arrest, contact Robert Helfend today.
Photo Credit: Betsy Martian