Former Finance Director Of The Flood Team LLC Sentenced On Fraud Charges
St. Louis, MO – RUTH JACKSON was sentenced to 34 months in prison for embezzling over $50,000 by diverting checks and funds payable to The Flood Team, LLC. She was also ordered to pay restitution of $50,000.
The Flood Team LLC provides remediation and restoration services related to water damage. In August 2011, Ruth Jackson was hired as Director of Finance for the business. In that capacity, Jackson had responsibility for a variety of matters relating to the books, records and finances of The Flood Team LLC. Jackson's responsibilities included paying bills, preparing deposits and managing various bank accounts.
According to court documents, Jackson secretly kept an old corporate account open and hidden from the owner of the business. Between November 2011 and late April 2012, Jackson embezzled over $50,000 by diverting checks and funds payable to The Flood Team LLC into the secret account, then wrote checks to herself which she cashed at various locations in the area.
Jackson, St. Louis, MO, pled guilty in January to one felony count of bank fraud. She appeared today for sentencing before United States District Judge John Ross.The case was investigated by the United States Postal Inspection Service and the Sunset Hills Police Department. Assistant United States Attorney John Bodenhausen handled the case for the U.S. Attorney's Office.