MODESTO WOMAN INDICTED FOR EMBEZZLEMENT
usdoj.gov | 11/21/08 | $1.6 million | suspect: Lisa Shae Allen | Hedgecock, Inc.
United States Attorney McGregor W. Scott announced today that LISA SHAE ALLEN, 37, of Modesto, Calif., was arrested on a 47-count indictment charging her with mail fraud, money laundering, and criminal forfeiture stemming from her embezzlement of over $1.6 million from her former employer.
According to Assistant United States Attorneys Stanley A. Boone and Ian Garriques, who are prosecuting the case, ALLEN was the former controller for G. Hedgecock Inc. (GHI), a grading and paving company located in Modesto, Calif. Beginning in January 2002 and continuing to March 20, 2007, ALLEN embezzled in excess of $1.6 million from GHI. Using an elaborate method to conceal her embezzlement from her employer, ALLEN was able to avoid audit detections of the company. She then spent the money for her personal use including the purchase of property in California and other states, credit card bills, a pool, and vehicles.