A North County woman accused of embezzling millions of dollars from the San Marcos company she worked for, allegedly confessed to her employer last spring when confronted with evidence of wrongdoing, The North County Times reported. Quality Woodworks Inc. filed a civil lawsuit against her last year and in it contained allegations of her embezzlement.
Annette Yeomans, 51, and her husband John Yeomans, 48, are implicated in the lawsuit and the couple conspired together “either explicitly or tacitly” to “embezzle substantial sums of money.”
Annette Yeomans is being held on bail for $10 million, just over the $9.9 million she allegedly took, and faces criminal charges. John Yeomans, who also worked at the company as a cabinetmaker, has not been arrested.
Sgt. Mark Varnau of the Sheriff’s Department’s financial crimes unit told The North County Times that it is difficult to gather enough evidence to prove that John Yeomans knew about his wife’s embezzlement to charge him with a crime.
“It’s a reasonable assumption to say that he knew, but it’s a difficult legal leap,” Varnau told the paper.
Annette Yeomans was the chief financial officer at Quality Woodworks in San Marcos, and for the past seven years, investigators said she spent $25,000 a week on her credit card. They said she paid off that amount every Monday with a company check.
Sheriff's deputies said they found 400 pairs of $600 shoes and about $620,000 in designer clothing and purses in her home.
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The company was forced to lay off employees and restructure their operations because of the losses, according to sheriff's deputies. Annette Yeomans appeared in a Vista courtroom Tuesday but her arraignment was postponed.
Superior Court Judge Marshall Hockett rescheduled her arraignment for Tuesday, March 17.
