Bookkeeper allegedly embezzled more than $1 million from Cambria business

April 25, 2017

A former bookkeeper embezzled more than $1 million from a Cambria construction business, according to a criminal complaint filed last week by the San Luis Obispo County District Attorney’s Office.

Elizabeth Edith Shaw, 68, embezzled the money from her former employer, Winsor Construction, over a 12-year period, prosecutors say. Shaw is charged with 12 counts of felony grand theft by embezzlement, as well as enhancements for theft of more than $500,000.

A warrant for Shaw’s arrest was issued after the complaint was filed last Wednesday. Shaw turned herself into county custody on Monday. If convicted, Shaw faces a maximum sentence of 16 years and four months in prison.

Upon Shaw’s arrest, District Attorney Dan Down released a statement saying the case is particularly troubling.

“Theft committed by those in positions of trust are especially troubling, particularly when it involves this level of taking over such an extended period of time from a local business,” Dow said. “Our Major Fraud Unit stands ready to aggressively prosecute these and other similar criminal breaches of fiduciary duty.”

Investigators from the district attorney’s and sheriff’s offices conducted a 10-month probe into the case.







Loading...
r0y

“Theft committed by those in positions of trust are especially troubling, particularly when it involves this level of taking over such an extended period of time from a local business,” Dow said. “Our Major Fraud Unit stands ready to aggressively prosecute these and other similar criminal breaches of fiduciary duty.”
Cool, start looking at the City and County, they’ve been taking from local businesses and citizens for a LONG time, often in complete breach of their fiduciary duty! Nice to know the DA will start prosecuting them…

…yeah, right.

Jorge Estrada

Oh that’s just a little under a $100,000 per year, what’s the big deal. The tax payers probably get ripped that much per hour over the State, Fed and County road funds. Just like Brown says, $10,000 to me and I will do that is bribery but $100’s, 000,000 for this and that as politically agreed and that’s Democracy at work. Just like the new gas tax, got to pay for bad books, oops, Democracy at work.

Jorge Estrada

Update on Brown’s Democracy at work: The thoroughly vetted gas tax increase has now been deemed to be $billions short of doing the job. Now we need to consider toll roads or metered driving too? It’s amazing how fact-less budgeting happens on a daily basis.