Woman Accused of Embezzling $1.5 Million

Former bookkeeper accused of embezzlement

By Sarah Grieco
|  Wednesday, Jul 25, 2012  |  Updated 2:12 PM PDT
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A woman is in jail accused of stealing more than one million dollars from her former employer. She apparently used that money to travel and pay off credit cards. Nicole Gonzales reports.

A woman is in jail accused of stealing more than one million dollars from her former employer. She apparently used that money to travel and pay off credit cards. Nicole Gonzales reports.

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A San Diego woman was arrested Thursday afternoon for allegedly embezzling nearly $1.5 million dollars from Beckman Properties in Solana Beach, according to the sheriff’s department.

Jennifer Davey, 64, was hired 12 years ago as a bookkeeper for the business, which gave her access to banking information to five businesses operated by Beckman.

Davey is accused of creating a fake business to funnel money to, called Professional Advisors Unlimited. She was fired before the alleged theft was discovered.

Dozens of search warrants were served during an investigation by the sheriff’s department, including banking and credit card information for five business entities and the suspect's accounts.

Davey was booked into the Las Colinas Detention Facility Thursday and her bail has been set at $2 million. She ultimately received a six-year sentence in state prison for the crime on July 23.
 

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