Texas woman sentenced for embezzling more than $3.6 million
February 23rd, 2010 - 3:51 am ICT by BNO NewsHOUSTON, TEXAS (BNO NEWS) – A former accounting supervisor for a Houston area chemicals company was sentenced to 60 months in prison for embezzling more than $3.6 million from her employer, prosecutors announced on Monday.
Diana Simon, 50, of Sugar Land, Texas, was employed as an accounting supervisor for Kaneka Texas, a Houston area chemicals company based in Pasadena, Texas. She processed invoices submitted by Kaneka’s vendors for payment.
From June 2006 through February 2008, Simon took advantage of her position and executed a fraud scheme to transfer $3,621,220 from Kaneka’s bank account to her own bank account. Simon proceeded to spend money in the purchase of a luxury home, luxury vehicles and jewelry. She also made several gambling trips to Louisiana and Las Vegas.
She was also sentenced to three years of supervised release, a prohibition from being employed in a supervisory position and was ordered to pay $3,621,220 in restitution.
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