Woman embezzled $537,000 from Calgary company, charges laid: CPS

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ICYMI: Woman embezzled $537,000 from Calgary company, charges laid: CPS yyc

According to a police press release, between October 2013 and September 2015 the woman worked at the company on a temporary contract posing as an accountant. She was also the sole administrator of the company’s payroll system and had sole access to the company credit card.Sign up to receive daily headline news from the Calgary SUN, a division of Postmedia Network Inc.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc.

In addition, it’s believed she also used the company credit card to make “extravagant and expensive purchases,” totalling $29,843. The release said the credit card was intended for small day-to-day items for office use. The Calgary Police Service investigation also revealed the woman wrote 16 company cheques to herself, which she cashed, totalling $65,280.Article contentThe release said the fraudulent activity went unnoticed for an extended period of time, until the woman responded to a “suspicious work email,” sending a large sum of money to a supposed financial institution in China without checking with management.

 

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Calgary woman arrested after police say she defrauded local company of $537k - Calgary | Globalnews.caCalgary police said the woman posed as a professional chartered accountant and used company funds and a corporate credit card to pay herself and pay off her personal credit card.
Source: GlobalCalgary - 🏆 50. / 61 Read more »