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Sept. 2, 2009

FORMER ACCOUNTING SUPERVISOR OF LOCAL COMPANY INDICTED FOR EMBEZZLEING MILLIONS FROM EMPLOYER

(HOUSTON) - A former accounting supervisor for a Houston area chemicals company has been charged with embezzling more than $3.6 million from her employer, United States Attorney Tim Johnson announced today.

Diana Simon, 49, of Sugar Land, Texas, appeared before a U.S. Magistrate Judge today and pleaded not guilty to wire fraud arising from a scheme she allegedly devised to steal more than $3.6 million from her employer, Kaneka Texas. Kaneka Texas is a wholly-owned subsidiary of Kaneka Japan, a Japanese chemicals company with headquarters in Pasadena, Texas.

The indictment alleges that as an accounts supervisor with Kaneka, Simon was responsible for processing invoices submitted by Kaneka’s vendors for payment and allegedly used that process to create and implement a false and fraudulent scheme to cause $3,621,220 from Kaneka’s bank account to be wired to her own bank account at a Houston area bank from June 2006 through February 2008. Simon allegedly used the embezzled money to buy a luxury home, luxury vehicles, jewelry and financed multiple gambling trips to Louisiana and Las Vegas.

The investigation leading to charges was conducted by the FBI and initiated in 2008 prompted by Kaneka’s discovery of the embezzlement.

Simon has been ordered released on bond pending trial set for Oct. 26, 2009, before U.S. District Judge Kenneth M. Hoyt.

Assistant U.S. Attorney Vernon Lewis is prosecuting the case.

An indictment is a formal accusation of criminal conduct, not evidence.
A defendant is presumed innocent unless convicted through due process of law.

 

 

 

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