Sunday, 21 August 2022

Fremont woman sentenced for stealing nearly $5 million from HP

(BCN) -- A Fremont woman who stole nearly $5 million was sentenced to three years in prison for defrauding her employer, HP, Inc, the U.S. Department of Justice announced last week.

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Shelbee Szeto, 30, pleaded guilty in March to using company credit cards meant to pay vendors to instead pay a series of fake Square, Stripe and PayPal accounts under her control. Szeto, who served as an executive assistant and as the company's planning manager, ultimately stole $4.8 million, according to a news release from U.S. Attorney Stephanie Hinds.

She pleaded guilty to wire fraud, money laundering and filing a false tax return. She was also ordered to serve three years' probation, during which time Szeto cannot serve in a fiduciary role without prior permission.

She surrendered items purchased with the stolen funds that included a Tesla, Porsche, designer handbags and jewelry.

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