Controller embezzles over $10 Million from Pennsylvania Acura Dealership

[XDCX]

News reports indicate Partcia K. Smith, a controller at Baierl Acura, embezzled over $10 Million from the dealership over a span of six years that included over 800 fraudulent transactions. Here's a link to the news report - click here

In her position, Smith was responsible for balancing the dealership's accounts and had the ability to transfer funds between the dealer's various accounts. It's alleged she transferred money out of the dealer's operating account and placed the funds in a payroll account where she used the money to pay for items electronically. In the span of six years $1.8 Million was transferred to pay her American Express bill. Smith reportedly made about $53,000/year.

While I've created numerous threads about dealership embezzlement cases in the past this is the largest sum of money I've ever heard about.

Makes one wonder how a dealer could lose $10 Million over a period of six years and never even notice.