According to the California Department of Insurance, a 64-year-old woman from the Sacramento area pleaded no contest to two felonies involving theft of more than $100,000 from her mother. The woman was sentenced to 18 months in jail, five years of probation and to repay $60,000 in restitution.
The woman was reportedly a licensed insurance agent when thefts occurred and the trustee on her mother’s trust accounts. Investigators state that she embezzled $129,000 from the accounts over a nine-year time period by writing checks out of the accounts to herself. They also said that she took steps to try to cover up thefts.
Following a complaint that was made to the Department of Insurance, investigators from its investigative division along with the Rocklin Police Department allegedly discovered the embezzlement. The 64-year-old woman entered no-contest pleas to felony embezzlement from an elder or dependent adult and felony theft of property. No-contest pleas have the same effect as guilty pleas. The woman also lost her insurance license.
People who are convicted of misappropriating funds may face severe penalties, including substantial prison sentences, restitution, probation and the loss of professional licenses. Accordingly, those who learn that they are being investigated for embezzlement might want to get help from criminal defense lawyers who have experience with white collar criminal cases. A lawyer may be able to negotiate an agreement with the prosecutor to avoid the filing of charges. Counsel may also be able to find problems with the state’s case and challenge the evidence that is being used against the client.
Source: KCRA, “Sac area woman sentenced for stealing over $100K from mom,” Vannessa Maravilla, Oct. 10, 2016