Black Hair Media Forum Homepage
BHM BHM BHM
CoCo Black Hair
Forum Home Forum Home > Lets Talk > Talk, Talk, and More Talk
  New Posts New Posts RSS Feed - Auto Dealer Employee Steals $10M For Luxuries
  FAQ FAQ  Forum Search   Register Register  Login Login
Extensions Plus
 

Topic ClosedAuto Dealer Employee Steals $10M For Luxuries

 
 Post Reply Post Reply Page  12>
It Always Begin With Beautiful Hair

Premier Lace Wigs

Mynx Hair

Author
PurplePhase View Drop Down
Platinum Member
Platinum Member
Avatar

Joined: Jun 08 2004
Status: Offline
Points: 232642
Direct Link To This Post Topic: Auto Dealer Employee Steals $10M For Luxuries
    Posted: Jun 21 2012 at 8:32pm
Miss thing was living large!


High-Flying Auto Dealer Employee Steals $10M For Luxuries



  • High-Flying Auto Dealer Employee Steals $10M For Luxuries (ABC News)

    High-Flying Auto Dealer Employee …

Patricia Smith, the former controller of an auto dealership in Pennsylvania, is headed to jail after embezzling $10 million from her former boss in a stunning case of a trusted employee looting the business then squandering the cash on luxuries.

Smith, who worked at Baierl Acura located in Wexford, Pa., an upper-middle class suburb of Pittsburgh, was convicted of systematically stealing for seven years--some $4,000 a day on average--for private jet travel, special trips to the theatre, fancy clothes and other goods, according to the court.

A costume fitting on Broadway? Check. Super Bowl Tickets? Check. There were even trips to the Vatican using stolen money. Smith spared no expense for herself or her family on the company's dime, according to reports from court. The jet charters alone totaled $1.8 million for the high-flying bookkeeper, who officially made about $50,000 a year from the dealership.

 

According to Shannon Pierre, of ABC Pittsburgh affiliate WTAE, who reported on the story from court, Smith's reason for her crime spree was she felt like a "horrible daughter, wife, mother and friend" and the gifts were a way to "earn their love" because she wanted to see "what happiness looks like."

An attorney for Smith did not return our request for comment. News reports indicated that Smith told her family and friends she got rich investing in airline stock.

Now, the woman nearing retirement age must serve 78 months in prison, three years of probation, and pay restitution of $10,349,569.14 for the fortune she obtained by making more than 800 money transfers from the Baierl Acura's coffers to her personal accounts.

"We're glad that justice has been served and this matter is now behind us. Despite the amount of funds taken over time, there were no adverse impacts to our daily operations. Our business is doing well and we have adopted stronger measures to prevent such a crime from ever occurring again," Lee Baierl, CEO of Baierl Automotives said in a statement to ABC News. 

The scheming employee was able to electronically transfer funds from the company's online account to her own personal account and use the funds to buy four homes, 10 vehicles, Louis Vuitton Luggage, jewelry, $30,000 in pre-paid travel funds and stow away more than $20,000 in savings, court records show.

But, that's not all. According to information provided to the court, the shopping list was long and extravagant. Smith paid a $1.8 million worth of charges to American Express for private jet charters; $715,000 for commercial airfare; $600,000 for lodging, cruise charges and misc. travel expenses; $32,500 for a luncheon for six people prepared by Food Network star Ina Garten at her barn in East Hampton, NY; $5,000 for "The Vatican Package," which included Mass in Papal Audience with VIP seating, plus airfare for four, VIP tour of the Vatican Museum with a private tour guide, and a private tour of the Sistine Chapel alone with family before it is open to the public; and $2,500 for a Phantom of the Opera experience, including costume fitting, wig fitting, escorted on-stage during the Hannibal Opera sequence, and four seats for the performance; $10,000 for a Ralph Lauren showroom tour and suit; $52, 500 for six club level tickets to the 2011 Super Bowl in Dallas; $5,600 for autographed first America edition of Harry Potter and the Order of the Phoenix with signed book plates by J.K. Rowling, $11,100 dinner with Kevin Spacey after his performance in Richard III.

 

The 58-year-old, who pled guilty, was hoping for a light sentence, based on reports.

Based on records obtained by ABC News, United States Attorney said Smith "devised, and intended to devise, a scheme and artifice to defraud and for obtaining money and property by means of material false and fraudulent pretenses, representations, and promises, well knowing at the time that the pretenses and promises were false and fraudulent when made."

Only 1/10 of the amount is expected to be recovered. Authorities said she covered up the thefts with a series of fake transactions as well as listing phantom cars in inventory so they could be recorded as assets.

According to the U.S. Attorney's Office in Pittsburgh, "the office will be able to recoup a portion of the financial loss. The amount stated in Court was $1 million."

Patricia Smith will begin serving her sentence in July.




Edited by PurpleHaze - Jun 21 2012 at 8:33pm
Back to Top
Sponsored Links


Back to Top
PurplePhase View Drop Down
Platinum Member
Platinum Member
Avatar

Joined: Jun 08 2004
Status: Offline
Points: 232642
Direct Link To This Post Posted: Jun 21 2012 at 8:34pm
wonder why none of her people/family wondered how she was able to afford to live like a millionaire/billionaire(lol) on her job salary? She was living like Oprah


Edited by PurpleHaze - Jun 21 2012 at 8:35pm
Back to Top
macyscorner View Drop Down
Elite Member
Elite Member
Avatar

Joined: Jul 15 2009
Status: Offline
Points: 44400
Direct Link To This Post Posted: Jun 21 2012 at 8:35pm
she's white so of course she was entitled to all that money!
 
Back to Top
PurplePhase View Drop Down
Platinum Member
Platinum Member
Avatar

Joined: Jun 08 2004
Status: Offline
Points: 232642
Direct Link To This Post Posted: Jun 21 2012 at 8:37pm
I was thinking that's why she was able to get away with stealing $4K /day for 7 years. A black woman in that position would have been much more closely scrutinized and watched. 
Back to Top
Ladycoils View Drop Down
Elite Member
Elite Member
Avatar

Joined: Dec 27 2008
Location: Maryland
Status: Offline
Points: 34705
Direct Link To This Post Posted: Jun 21 2012 at 8:41pm
Damn! She was doing it big.
Back to Top
macyscorner View Drop Down
Elite Member
Elite Member
Avatar

Joined: Jul 15 2009
Status: Offline
Points: 44400
Direct Link To This Post Posted: Jun 21 2012 at 8:42pm
Smith paid a $1.8 million worth of charges to American Express for private jet charters; $715,000 for commercial airfare; $600,000 for lodging, cruise charges and misc. travel expenses; $32,500 for a luncheon for six people prepared by Food Network star Ina Garten at her barn in East Hampton, NY; $5,000 for "The Vatican Package," which included Mass in Papal Audience with VIP seating, plus airfare for four, VIP tour of the Vatican Museum with a private tour guide, and a private tour of the Sistine Chapel alone with family before it is open to the public; and $2,500 for a Phantom of the Opera experience, including costume fitting, wig fitting, escorted on-stage during the Hannibal Opera sequence, and four seats for the performance; $10,000 for a Ralph Lauren showroom tour and suit; $52, 500 for six club level tickets to the 2011 Super Bowl in Dallas; $5,600 for autographed first America edition of Harry Potter and the Order of the Phoenix with signed book plates by J.K. Rowling, $11,100 dinner with Kevin Spacey after his performance in Richard III.


-------
Most people will never be able to do in their lifetime what she did in the past 7years.  Her nerve...Let me call Jesus.




 
Back to Top
macyscorner View Drop Down
Elite Member
Elite Member
Avatar

Joined: Jul 15 2009
Status: Offline
Points: 44400
Direct Link To This Post Posted: Jun 21 2012 at 8:42pm
ITA, Purp
Back to Top
melikey View Drop Down
Elite Member
Elite Member
Avatar

Joined: Oct 03 2006
Location: venus
Status: Offline
Points: 107658
Direct Link To This Post Posted: Jun 21 2012 at 8:44pm
who's eating the other 9 mil, the dealer? I'd have to put a hit out on that old bag.
Back to Top
brittsbee View Drop Down
VIP Member
VIP Member
Avatar

Joined: Jan 01 2011
Status: Offline
Points: 9574
Direct Link To This Post Posted: Jun 21 2012 at 8:44pm
Who was their auditor? Whoever it was better have their lawyer on speed dial
Back to Top
ThisOne View Drop Down
Guest Group
Guest Group
Avatar

Joined: May 25 2008
Location: DMV
Status: Offline
Points: 92702
Direct Link To This Post Posted: Jun 21 2012 at 8:45pm
all employees steal from their jobs. you just aren't supposed to get caught or take anything too big.
Back to Top
Sunwell
China Lace Wigs
Get Healthier Stronger Longer Hair
Netwurks Xcel21
Human Hair Wigs
 Post Reply Post Reply Page  12>
  Share Topic   

Forum Jump Forum Permissions View Drop Down