East Bay Woman Sentenced To Three Years In Prison For Embezzlement Scheme From Her Employer

SAN FRANCISCO – Karen Posey was sentenced today to 36 months in prison, and ordered to pay restitution for stealing more than $200,000 from her former employer, announced United States Attorney David L. Anderson and FBI Special Agent in Charge John F. Bennett. 

Posey pleaded guilty on December 11, 2018 to four counts of wire fraud, one count of bank fraud, and one count of access device fraud.  According to the plea agreement, Posey worked from July 2016-December 2017 as the business manager at a San Francisco-based architecture firm that designs schools and other public spaces nationwide with a focus on making them accessible to the disabled.  While employed there, Posey stole approximately $235,000 from the company.  She did so using various methods, including by writing unauthorized company checks to herself and then depositing them into her personal bank account, by using a corporate credit card to pay for personal expenses, and by using a corporate ATM card to withdraw large sums of cash.  In addition, as part of her plea agreement Posey admitted that, prior to working at the architecture firm, she worked at another San Francisco-based conservation company, where she embezzled more than $48,000 using similar means. 

Posey, 58 of Martinez, CA, was indicted by a federal grand jury on August 30, 2018.  The seven count Indictment charged her with four counts of Wire Fraud, in violation of 18 U.S.C. § 1343 (Counts One through Four), one count of Aggravated Identity Theft, in violation of 18 U.S.C. § 1028A; one count of Bank Fraud, in violation of 18 U.S.C. § 1344(2) (Count Six); and one count of Fraudulent Use of Unauthorized Access Devices, in violation of 18 U.S.C. § 1029(a)(2) (Count Seven).  

The sentence was handed down by the Honorable Charles R. Breyer, U.S. District Court Judge.  Judge Breyer also sentenced the defendant to a three year period of supervised release to begin at the completion of the prison term, and ordered her to pay restitution to the two companies from which she stole money.  The defendant will begin serving the sentence on October 4, 2019.

Ross Weingarten is the Assistant U.S. Attorney who is prosecuting the case with the assistance of Marina Ponomarchuk.  The prosecution is the result of an investigation by the Federal Bureau of Investigation.