VISTA, CA – A woman who worked as head bookkeeper for a Californian custom woodworking company was arrested on suspicion of embezzling at least $9.9 million from the company over a seven-year period, according to 10News.com.
Annette Yeomans, 51, was booked into Vista Detention Center in lieu of $10 million bail. The alleged thefts came to light about a year ago, when a credit card company notified Yeomans' employer, Quality Woodworks Inc., about numerous suspicious payments to her account made with company checks.
Yeomans allegedly used the embezzled money to finance purchases of luxury vehicles, shopping trips to Italy and home remodels, including a conversion of one of her bedrooms into a closet to store her large, lavish wardrobe.
Her clothing collection included 400 pairs of shoes valued at $600 each, $300,000 worth of designer garments and 160 purses valued at $2,000 each. Yeomans also gambled “heavily” at local casinos, incurring extensive losses that were not factored into the nearly eight-figure amount specified in the criminal complaint.
The losses forced the company to forego employee raises, lay off some workers and restructure its operations. Quality Woodworks Inc.
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