A Minnesota lady has been sentenced to 41 months in jail for stealing from her longtime good friend’s family-owned structure enterprise to duvet her bank card money owed, taxes and different non-public bills, together with investment her husband’s off-road racing provide enterprise and paying her son’s loan.
Jennifer Lee Rath, 53, former monetary controller of Hutchinson, Minnesota-based R&R Excavating, pleaded in charge to 1 depend of mail fraud. In step with the U.S. Legal professional’s Workplace for the District of Minnesota, Rath embezzled over $2 million from the freeway structure corporate from August 2013 to December 2019.
Rath’s obligations at R&R Excavating incorporated managing the corporate’s payroll, accounts receivable, accounts payable, corporate bank card and company checking account. In step with stories, Rath used her “place of agree with over a small enterprise” to embezzle budget and convert them for her personal use and get advantages.
All the way through the six-year scheme, Rath would chop assessments that seemed to duvet the corporate’s liabilities and manipulate them to hide her personal bills. She additionally processed digital fund transfers from the corporate’s financial institution accounts to pay non-public bills and improperly charged non-public bills to corporate bank cards. To hide her tracks, Rath manipulated the corporate’s accounting tool to hide the cash she stole, steer clear of detection, and extend her fraud scheme.
Courtroom stories say that on account of Rath’s embezzlement, the corporate’s enterprise and popularity suffered, staff misplaced their jobs, it may no longer pay distributors on time, and its credit score suffered.
Together with jail time, U.S. Legal professional Andrew M. Luger ordered Rath to serve 3 years of supervised free up after her sentence and pay restitution her former employer $2,061,328.67 in restitution.
The FBI and the Hutchinson Police Division investigated the case. Assistant U.S. Legal professional Jordan L. Sing prosecuted it. Assistant U.S. Legal professional Erin Secord and Paralegal Specialist Jessica Scott treated the asset investigation and restitution enforcement.