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Woman Embezzled $500,000 from Employer By Writing Checks to Herself

Posted on April 24, 2015

U.S. Department of JusticeROME, GA.— For nearly eight years, Judy Elaine Henry illegally siphoned money from her former employer’s company, Bec-Don Inc, a company that supplies concrete reinforcing steel and related products to the construction industry, according to officials.

Authorities said Henry embezzled more than $500,000 in company funds by writing checks payable to herself on Bec-Don’s account, and by making false entries in Bec-Don’s checkbook and accounting records to make it appear that the checks had been issued to pay legitimate company expenses.

Henry, 50, of Lafayette, Georiga, plead guilty to wire fraud charges arising out of her theft of more than $500,000. She will be sentenced in July.

“This defendant abused her employer’s trust by stealing money from the company account for nearly eight years, ultimately more than $500,000,” said Acting U.S. Attorney John Horn. “Businesses have the right to expect honest services from their employees, but they should nonetheless be vigilant and adopt protocols to safeguard against internal fraud.”

Henry deposited some of the fraudulent checks into her personal account and then used her debit card to spend the stolen money, officials said.

 

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