MarkCermak
RIP
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- Oct 7, 2006
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Embezzler sentenced to 3 years
Ordered to repay $615K
SALISBURY — A woman who embezzled $615,000 from her Salisbury employer was sentenced in U.S. District Court in Boston yesterday to three years in prison and ordered to pay full restitution to the victims.
In December, Victoria Jordan, 33, of Salisbury, pleaded guilty to 15 federal counts of wire fraud after prosecutors said she inflated her $52,000 salary and stole $450,000 from Salisbury-based carpet cleaner White Magic over a four-year period.
Jordan, also known as Victoria Lake, will spend 36 months in prison upon self-reporting in July, with three years' supervised probation upon release.
Jordan's attorney, John R. Valerio, argued that the court should impose a sentence that allows Jordan the opportunity to remain employed, in order to be able to pay restitution to White Magic. Court documents showed Jordan and Valerio requested a sentence of five years' probation, followed by five years of supervised release.
Jordan also requested through her attorney that the court allow her to serve her sentence as close to Massachusetts as possible, because her 14-year-old son and family live in the area.
The United States attorney requested a sentence of 33 months' incarceration, to be followed by three years of supervised release, a fine of $7,500, and restitution in the amount of $615,000, and other payments.
According to court documents, Jordan inflated her salary as chief financial officer to embezzle from the company from January 2004 to November 2008. She also added her husband to the payroll despite the fact he was not an employee of the company, cashed checks drawn on company accounts, submitted fraudulent mileage reimbursements, made unauthorized purchases of personal items with company credit cards, and used company funds without permission to pay for a life insurance policy, personal cell phones and individual retirement account deposits.
Federal wire fraud charges came into play because Jordan obtained her salary through Automated Clearing House transactions that funneled through a Minnesota office, according to court documents.
Federal authorities said Jordan paid herself $83,850 in 2004, $97,194 in 2005, $126,000 in 2006, $151,941 in 2007, and in the first 10 months of 2008, took home $207,000. After placing her husband on the payroll, she collected another $38,000. Her husband has not been charged.
In total, Jordan's scheme caused a loss of more than $615,000 to White Magic over a four-year period, according to court documents. She was ordered to pay back all $615,000 to White Magic owners.
According to court documents, White Magic's owner/president, Paul Richardson, said Jordan's fraud caused employees of the company to be laid off, assets to be liquidated, and the owners have borrowed money to lend to the company and have put their Massachusetts residence on the market.
"After working and saving my entire life to build up a company, my hopes of being able to retire some day are crushed," he stated in court documents. "At the age of 66, I am faced with the reality that I may lose my home, my business, everything I have worked so hard to achieve."
Carpet Cleaning - White Magic Embezzler Sentenced
Ordered to repay $615K
SALISBURY — A woman who embezzled $615,000 from her Salisbury employer was sentenced in U.S. District Court in Boston yesterday to three years in prison and ordered to pay full restitution to the victims.
In December, Victoria Jordan, 33, of Salisbury, pleaded guilty to 15 federal counts of wire fraud after prosecutors said she inflated her $52,000 salary and stole $450,000 from Salisbury-based carpet cleaner White Magic over a four-year period.
Jordan, also known as Victoria Lake, will spend 36 months in prison upon self-reporting in July, with three years' supervised probation upon release.
Jordan's attorney, John R. Valerio, argued that the court should impose a sentence that allows Jordan the opportunity to remain employed, in order to be able to pay restitution to White Magic. Court documents showed Jordan and Valerio requested a sentence of five years' probation, followed by five years of supervised release.
Jordan also requested through her attorney that the court allow her to serve her sentence as close to Massachusetts as possible, because her 14-year-old son and family live in the area.
The United States attorney requested a sentence of 33 months' incarceration, to be followed by three years of supervised release, a fine of $7,500, and restitution in the amount of $615,000, and other payments.
According to court documents, Jordan inflated her salary as chief financial officer to embezzle from the company from January 2004 to November 2008. She also added her husband to the payroll despite the fact he was not an employee of the company, cashed checks drawn on company accounts, submitted fraudulent mileage reimbursements, made unauthorized purchases of personal items with company credit cards, and used company funds without permission to pay for a life insurance policy, personal cell phones and individual retirement account deposits.
Federal wire fraud charges came into play because Jordan obtained her salary through Automated Clearing House transactions that funneled through a Minnesota office, according to court documents.
Federal authorities said Jordan paid herself $83,850 in 2004, $97,194 in 2005, $126,000 in 2006, $151,941 in 2007, and in the first 10 months of 2008, took home $207,000. After placing her husband on the payroll, she collected another $38,000. Her husband has not been charged.
In total, Jordan's scheme caused a loss of more than $615,000 to White Magic over a four-year period, according to court documents. She was ordered to pay back all $615,000 to White Magic owners.
According to court documents, White Magic's owner/president, Paul Richardson, said Jordan's fraud caused employees of the company to be laid off, assets to be liquidated, and the owners have borrowed money to lend to the company and have put their Massachusetts residence on the market.
"After working and saving my entire life to build up a company, my hopes of being able to retire some day are crushed," he stated in court documents. "At the age of 66, I am faced with the reality that I may lose my home, my business, everything I have worked so hard to achieve."
Carpet Cleaning - White Magic Embezzler Sentenced
