No More Shopping for $10M Embezzler

Annette Yeomans worked at Quality Woodworks and blew millions on shoes, clothes, gambling

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    NEWSLETTERS

    North County Times/Hayne Palmour IV
    Yeomans, 51, used her long hair to hide her face from the cameras in the courtroom during her arraignment.

    The woman who embezzled millions from her San Marcos boss for outrageous spending sprees learned her fate Monday.  

    Annette Yeomans was sentenced to 18 years in state prison.   She was also ordered to pay $433,000 in restitution, according to the District Attorney's Office.  

    400 Pairs of $600 Shoes

    [DGO] 400 Pairs of $600 Shoes
    Imagine being laid off from your job, only to find out that the person who handled your company's finances embezzled millions of dollars, and used the money to buy shoes. (Published Saturday, Mar 7, 2009)

    Last month, Yeomans pleaded guilty to writing bad checks and filing a false tax return.  She admitted embezzling more than $9 million while working as a chief financial officer--- then spending hundreds of thousands of dollars on a designer shoe collection and gambling, among other  lavish items .

    A weeping Annette Yeomans pleaded guilty to 10 of the 17 embezzlement-related counts she faced. 

    Court records filed in a civil lawsuit against the North County woman showed she owned five vehicles -- including a motor home -- took trips to Italy and at one time had a $92,000 Nordstrom’s bill.

    Yeomans and her husband John were both employees of Quality Woodworks in San Marcos. Annette was the chief financial officer at Quality Woodworking in San Marcos from 2001 to 2007.

    Criminal charges were brought after a credit card company noticed payments were being made with company checks.

    A closer look at the civil suit breaks down her outrageous spending habits. In 2007 and part of 2008, she paid:

    • $1 million- plus to Chase Credit Card services
    • $92,873.52 to Nordstrom‘s
    • $48,552.05 to Neiman Marcus

    “She admitted wrong doing and stated she wished that she had died before I found out what she did,” court records quote Quality Woodworks president Gregg Durmer.

    Before she was caught, Yeomans bought a motor home, a GMC, a Cadillac, a Nissan, a Dodge and an off-road vehicle. A tool collection, a guitar collection, 400 pairs of shoes, 160 purses and $300,000 dollars in designer clothing were found in her closet, according to sheriff’s investigators.

    How did she get away with it for so long? Investigators say she had control of the books and her employer trusted her.

    As for John Yeomans, there are no criminal charges filed. Investigators said there was just not enough evidence. But in the civil suit, lawyers maintain, his failure to disclose the embezzlement was deliberate and he enjoyed enormous personal benefits that included vehicles, gun and guitar collections and tools.

    In fact, when Durmer contacted John Yeomans at his home in March of 2008, Yeomans “stated that everything in their household belonged to Mr. Durmer,” according to court records.

    Quality Woodworks Inc. dismissed the civil lawsuit in October after Annette Yeomans agreed to turn over all her assets to the custom cabinetry business, according to the North County Times.