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Sixty-four-year old Jennifer Lyndi Davey admitted taking money from her employer over a six-year period, and she expects to get more than five years in prison at her sentencing, according to plea deal paperwork.

Davey put in writing that she “unlawfully took and stole money from Beckman Properties which was valued in excess of $500,000 by unlawfully completing and passing false or altered checks.” She admitted two felonies and a special allegation of white collar fraud. More than 60 other felony counts were dropped in the plea deal signed last Monday, April 30.

Beckman Properties had hired Davey in 2000.

Prosecutor Anna Winn originally charged Davey with taking almost $1.5 million from the Solana Beach company, which fired her in October 2007 when they reportedly found her bookkeeping skills “not satisfactory.” The new officer manager soon discovered “irregularities” in the bank records formerly maintained by Davey, investigators said.

Davey created a company called Professional Advisors Unlimited, PAU, through which she passed the money she took from her employer, a Sheriff’s investigator said.

Davey has been in custody since her arrest in February of this year, and will remain so until her sentencing this summer, July 23 2012.

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Visduh May 4, 2012 @ 3:13 p.m.

How some bookkeeper can pull off this sort of fraud for years, and steal in the millions of dollars is still a major mystery to me. Some of the businesses that have been victimized were wildly profitable because they managed to pay their bills and pay their employees and while losing tens or hundreds of thousands of dollars out the back door. In a couple cases these embezzlement took over a million from "small" businesses with owner managers on the scene. These people must be clever in ways hard to describe. One thing often observed is that the thief was seen as not-very-bright and too dumb to know how to steal. What better cover for a sneak thief? This one with her extreme eye shadow job and granny glasses isn't one of the best of her ilk. The really good ones keep stealing for years, and some are never detected.


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