New Jersey woman embezzles millions from company where she worked as senior accountant
A Camden County woman is facing two-decades in prison for embezzling millions of dollars from a company where she was the senior accountant, accounting manager and senior financial shared services manager, announced U.S. Attorney Philip R. Sellinger on Friday.
An investigation revealed that 49-year old Jennifer Vandever of Atco worked for the company between 2011 and 2018, and during that time, she was a supervisor of the accounting department.
She allegedly would charge large amounts of personal expenses for herself and her family on company corporate credit cards and on a department issued card.
Vandever would then hide that fact she used the corporate credit cards from the company while also directing payment of those personal expenses, from corporate funds, while her employer knew nothing of the matter.
In all, she hauled in $3-million through her scheme.
Between 2015 and 2018, she also tried to evade $514,801 in federal income taxes on $1.49-million of unreported embezzled taxable income.
Vandever is charged by indictment with four counts of wire fraud, one count of unauthorized use of access devices, one count of aggravated identity theft and four count of tax evasion and after appearing in front of a judge, she was released on $100,000 unsecured bond.
For being charged with wire fraud, Vandever is looking at a maximum penalty of 20 years in prison and a maximum $250,000 fine, along with 10-years for the unauthorized use of access devices a maximum $250,000 fine.
For aggravated identity theft, Vandever is looking at two years in prison, to be served consecutively to any other term imposed, and a maximum of $250,000, and for the four counts of tax evasion, she's looking at five years in prison, and a maximum $250,000 fine.
The government is represented by Senior Trial Counsel Jason Richardson of the Criminal Division in Camden
Defense counsel: Louis Barbone Esq., Atlantic City.