Insurance Company Bookkeeper Ordered To Payback $3 Million She Embezzled

Insurance Company Bookkeeper Sentenced to 3 Years in Prison and Ordered to Pay Over $3 Million in Restitution

insurance company bookkeeperA federal judge in Florida sentenced a Florida insurance company bookkeeper to 36 months in prison. Judge Federico Moreno also ordered her to repay over $3 million in restitution.
He also sentenced Lauren Ransom for failing to report to the IRS money she embezzled from her employers.
The court also ordered Ransom to pay $2,245,402.13 in restitution to her former employers. She was also sentenced to pay $790,983 to the IRS.  Ransom previously pled guilty to three counts of making and subscribing a false tax return.
The insurance company bookkeeper worked for two different Florida insurance companies for over thirty-three years.
Ransom wrote unauthorized company checks payable to “Cash” and “Lauren Ransom.”
She then cashed these checks or deposited them into her personal checking account.  Ransom used the money to pay for her credit cards, mortgage and auto loans, insurance, and other personal living expenses.  She also lost approximately $1,410,276.95 playing slot jockey at several Florida casinos from December 1, 2008, to January 31, 2014.

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