30 year old employee.embezzles.5 million from hewlett packard

[Demovictory9]

https://www.sfgate.com/news/bayarea/article/Former-Hp-Exec-Pleads-Guilty-To-Defrauding-17024963.php



A former HP, Inc. executive pleaded guilty Wednesday to charges that she siphoned more than $5 million from her Silicon Valley employer over nearly four years, using the money to pay for expensive cars, designer handbags and other luxury items.

Shelbee Szeto's guilty pleas in an Oakland courtroom to wire fraud, money laundering and a tax charge came with a long list of items she was forfeiting, including a 2020 Tesla sedan, a 2021 Porsche SUV, and several bags and purses from Dior, Gucci, Hermes, and Chanel, federal prosecutors said.

Szeto, 30, of Fremont, is accused of defrauding the computer company while she was employed as an executive assistant and finance planning manager from August 2017 to June 2021, the U.S. attorney's office said in a news release.

Her job consisted of making payments to HP vendors and she was given multiple company credit cards to make the payments. But rather than make payments, Szeto instead directed about $4.8 million in unauthorized payments from her HP commercial credit cards to several Square, PayPal, and Stripe merchant accounts under her control, according to the U.S. attorney's office.

[getagrip_already]

1. So much for internal controls.........

You would think a company that big wouldn't let someone make a payment without an approved expense they didn't personally make.

Kind of the idea that you can't both write and sign a check.

She probably only got caught over something stupid. Like someone noticing what a good vendor they are and calling to thank them.

[Demovictory9]

3. It seems.awful easy to steal millions