Annette Yeomans, 51, was booked for on Friday for grand theft and embezzlement . She was being held Saturday at the San Diego County jail in lieu of $10 million bail. Yeomans allegedly embezzled the money from 2001 to 2007 while she was chief financial officer for Quality Woodworks, Inc., a cabinetry business in San Marcos.
She spent at least $240,000 on 400 pairs of shoes, $300,000 on designer clothing and 160 purses valued at $2,000 each. She also remodeled a bedroom into a closet with the chandelier and a 32-inch TV. "On a weekly basis Yeomans would spend $25,000 on her credit card and then pay off the balance the following Monday with company funds.
The losses went unnoticed and the company never hired an outside auditor to check the books because she had a "trusted position." Meanwhile, he said, the company was forced to lay off workers and restructure operations because of the losses.
Smart company who takes huge losses that are sufficient to require layoffs and restructuring and doesn't feel it necessary to double check the books in this age of thievery.
The investigation began after American Express notified her company in February 2008 that one of its checks had been used to make a payment on Yeomans' account. Yeomans was fired last year and agreed to turn over her assets to the company , which has recovered about $2 million from the sale of her home, some cars and other property, Varnau said. Her husband was a cabinet installer at Quality Woodworks but was not suspected of any crime.
Now I don't really have an opinion about the husband. I'm not sure what to do about him, I don't think he should be convicted even if he did know, it was his wife afterall. What I do know is that either this man is a complete and total retard who I would suspect throws poo and eats crayons, or that he knew and didn't tell. Under our current rules that would be a crime I reckon. There simply is no way you can fail to notice that your wife is spending $25,000 a week and not come to the conclusion that "hey together we don't make anywhere near that much."
We do have one small problem though. If we're going to convict this woman for redistributing the wealth, don't we have to convict the Obama administration too? Without much stretching of the imagination, they are doing the exact same thing. Instead of 400 pairs of shoes Obama is buying welfare-collecting, baby-making, nothing-else-doing minions who chant his name even though they cannot spell it.
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