- Sep 5, 2007
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White Magic truckmounts has been embezzled out of 450,000.00 says reports Angeljean Chiaramida of The Daily News of Newburyport, Mass.
How ironic, the company that spurred me to start Truckmountforums when they sold me a first run machine that they we're unable to repair, that they would not replace. I ended up spending almost 20k on top of the 25k I spent for the machine to get it right. Though I wish nothing bad on anyone it is surely true, what you put out comes back to you. Talk about poetic justice.
http://www.allbusiness.com/legal/legal-services-litigation/13173213-1.html
Oct. 9--SALISBURY -- A Salisbury woman is facing charges in federal court that she used her position as CFO of a local company to embezzle more than $450,000 from her Salisbury employer.
Victoria A. Jordan, 32, faces 15 counts of wire fraud. Federal authorities say Jordan scammed the money from White Magic, a company that provides carpet cleaning chemicals and equipment to cleaning firms.
Acting United States Attorney Michael K. Loucks and Steven D. Ricciardi, special agent in charge of the U.S. Secret Service, allege that during a nearly four-year period, Jordan, an accountant and chief financial officer of the company, defrauded her employer by inflating her $52,000 salary and other compensations, placing her husband, who wasn't an employee, on the company's payroll; cashing checks drawn on company accounts; making unauthorized purchases of personal items with company credit cards; and using company funds without permission to pay for a life insurance policy, personal cell phones, individual retirement account deposits and fraudulent mileage reimbursements.
If convicted in federal court, Jordan faces up to 20 years in jail and $250,000 for each count.
Salisbury police Chief David L'Esperance said owners of the company approached him last year with serious concerns about Jordan, whom they considered to be a "trusted employee."
Because the money was allegedly sent over state lines, federal authorities were brought in to work with Salisbury Detective Mark Thomas.
"White Magic is a well-known local business whose owners have worked hard to build it up," L'Esperance said. "It's a shame."
According to federal court documents filed in U.S. District Court in Boston yesterday, Jordan worked for White Magic from 1999 to November 2008. During her tenure, she managed all the company's finances, including payroll, and received a salary of $52,000 for her last five years of employment there, with no annual raises.
Investigated by the United States Secret Service, federal officials charge she embezzled money from January 2004 to November 2008. Through the payroll system, they charge she secretly inflated her salary through unauthorized increases in her base salary, overtime, vacation pay and other compensation.
For example, federal authorities allege Jordan paid herself, $83,850 in 2004, $97,194, in 2005, $126,000 in 2006, $151,941 in 2007, and in the first 10 months of 2008, took home $207,000.
She placed her husband on the payroll and collected another $38,000. Her husband has not been charged.
Federal wire fraud charges came into play, according to court documents, because Jordan obtained her salary through Automated Clearing House transactions that involved the use of interstate wire communications, funneled through a Minnesota office.
Almost $38,000 in fraudulent payroll payments to her husband involved the same fraudulent wire transactions, according to court documents.
If convicted, court documents indicate federal authorities want Jordan to give back any and all money and property taken from White Magic.
How ironic, the company that spurred me to start Truckmountforums when they sold me a first run machine that they we're unable to repair, that they would not replace. I ended up spending almost 20k on top of the 25k I spent for the machine to get it right. Though I wish nothing bad on anyone it is surely true, what you put out comes back to you. Talk about poetic justice.
http://www.allbusiness.com/legal/legal-services-litigation/13173213-1.html
Oct. 9--SALISBURY -- A Salisbury woman is facing charges in federal court that she used her position as CFO of a local company to embezzle more than $450,000 from her Salisbury employer.
Victoria A. Jordan, 32, faces 15 counts of wire fraud. Federal authorities say Jordan scammed the money from White Magic, a company that provides carpet cleaning chemicals and equipment to cleaning firms.
Acting United States Attorney Michael K. Loucks and Steven D. Ricciardi, special agent in charge of the U.S. Secret Service, allege that during a nearly four-year period, Jordan, an accountant and chief financial officer of the company, defrauded her employer by inflating her $52,000 salary and other compensations, placing her husband, who wasn't an employee, on the company's payroll; cashing checks drawn on company accounts; making unauthorized purchases of personal items with company credit cards; and using company funds without permission to pay for a life insurance policy, personal cell phones, individual retirement account deposits and fraudulent mileage reimbursements.
If convicted in federal court, Jordan faces up to 20 years in jail and $250,000 for each count.
Salisbury police Chief David L'Esperance said owners of the company approached him last year with serious concerns about Jordan, whom they considered to be a "trusted employee."
Because the money was allegedly sent over state lines, federal authorities were brought in to work with Salisbury Detective Mark Thomas.
"White Magic is a well-known local business whose owners have worked hard to build it up," L'Esperance said. "It's a shame."
According to federal court documents filed in U.S. District Court in Boston yesterday, Jordan worked for White Magic from 1999 to November 2008. During her tenure, she managed all the company's finances, including payroll, and received a salary of $52,000 for her last five years of employment there, with no annual raises.
Investigated by the United States Secret Service, federal officials charge she embezzled money from January 2004 to November 2008. Through the payroll system, they charge she secretly inflated her salary through unauthorized increases in her base salary, overtime, vacation pay and other compensation.
For example, federal authorities allege Jordan paid herself, $83,850 in 2004, $97,194, in 2005, $126,000 in 2006, $151,941 in 2007, and in the first 10 months of 2008, took home $207,000.
She placed her husband on the payroll and collected another $38,000. Her husband has not been charged.
Federal wire fraud charges came into play, according to court documents, because Jordan obtained her salary through Automated Clearing House transactions that involved the use of interstate wire communications, funneled through a Minnesota office.
Almost $38,000 in fraudulent payroll payments to her husband involved the same fraudulent wire transactions, according to court documents.
If convicted, court documents indicate federal authorities want Jordan to give back any and all money and property taken from White Magic.
