No one did an audit in 20 years??
STATESVILLE, N.C. (AP) — A former CEO has been charged with embezzling more than $15 million from her employer and using stolen money to pay for a lavish lifestyle, including travel, jewelry and family weddings, according to federal prosecutors.
Donna Osowitt Steele, of Taylorsville, North Carolina, also used stolen money to fund personal businesses run by her family, according to a court filing Friday by U.S. Attorney Dena King's office.
Steele is charged with one count of wire fraud. Online court records don't list an attorney for her or a date for an initial court appearance.
The company that employed Steele isn't named in the court filing. But prosecutors said it's a subsidiary of a foreign corporation and makes carbide products used in saw blades for the woodworking industry. The company owners live overseas, the filing says.
Steele joined the company in 1999 and was serving as its CEO when she was fired in January 2020.
Prosecutors said Steele used company credit cards, checks and wire transfers to steal company funds. She allegedly charged approximately $255,000 for stays at the Plaza Hotel in New York City, more than $500,000 for jewelry, over $200,000 for family wedding expenses and more than $100,000 for flowers.
Steele also transferred more than $350,000 in embezzled money to a high-end clothing and furniture business that she operated called Opulence by Steele, according to the court filing.
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HAHAHA The name of her personal company that she funded with stolen money is "Opulence by Steele"
She must be a liberal democrap.
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it still pales in comparison as what politician's siphon off and under table family funding
JMHO she get some BS court order to pay the money back loose her house and we know that will go no where that money is long gone and all properties have been filtered into family names by now she may get a few years in prison
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Yep, she has a fitting last name.
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I wonder if she got any severance pay, with the owners being so stupid I'd bet she probably did.
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Fifteen million and she stayed here to be arrested?
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Don't take this the wrong way as I hate thieves with a vengeance but........
If the foreign owners of her company are CHINESE, I say she deserves to get a medal! 🙂
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There is a local nightmare in the works right now where a government employee has been stealing from the government job she was in charge of.....I don't know the details, but it was the group that oversees things like daycare funding, housing and such for people that get government assistance. She stole MILLIONS, the article said she paid her boyfriend as a construction worker to do jobs that didn't exist and he was paid several hundred per hour. It crazy what people get away with in these circumstances. Because of her, there is a total crapstorm happening with a lot of people that depend on these services.
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Tar and feathers should be brought back to our Courthouse squares, especially for public servants misdeeds 😡
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