The Honda Crosstour: An Embezzler's Dream Car?
A Pennsylvania car-dealership employee who stole $10 million from her boss splurged on Honda's funky hatch-sedan.
How did she steal from the dealership? "Beginning in December 2004, she electronically transferred money from an operating account to the company's payroll account and then into her personal bank accounts through a financial institution outside Pennsylvania," Nick Bunkley of Automotive News writes. "She altered the store's ledgers to make the transactions look legitimate and gave fake bank statements to Baierl's outside auditors."
To hide her thievery, Smith re-entered sold vehicles onto inventory reports that auditors checked, and she created a separate set of reports for the dealership's management.
Amazingly, the dealership didn't catch on until it had lost $10 million. According to Automotive News, an e-mail to Smith from Baierl's chief financial officer with questions about some of her accounting prompted Smith to quit. She then voluntarily confessed her crimes to the U.S. Attorney's Office.
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