Prison for Woman Convicted in Large Embezzlement Case
MINNEAPOLIS (AP) — A former employee has been sentenced to more than five years in prison for embezzling about $1.7 million from a Brooklyn Park medical supply company.
Thirty-seven-year-old Stephanie Davis of Maple Grove was sentenced Thursday in Hennepin County court. County Attorney Mike Freeman says Davis received the highest amount of time called for under state sentencing guidelines.
The Star Tribune reports Davis also was ordered to pay more than $1 million in restitution.
Davis had worked as the accounts payable clerk at Reliable Medical Supply Co. since 2000. Her fraud was discovered in January.
Sometime around 2005, Davis started her scheme to steal the money, the complaint states. Davis set up fictitious vendors in Reliable Medical’s payable system with names that were nearly identical to real, approved vendors. The fake vendors could be turned on and off in the payables system.
Davis would make a check payable to herself, but remove it from the batch that the chief executive officer would sign. After the legitimate checks were signed, Davis would forge the CEO’s signature on the check made out to her and then deposit it into her bank account. Meanwhile, the check to Davis would be attributed to one of the fictitious vendors in the accounts payable database and later she would turn off that fake vendor’s profile in the system, according to the complaint.
The company officials also told police that since she was fired, Davis and her husband were seen removing snowmobiles, boats, cars and other items from their Maple Grove house.