Heather Denning and her husband Eric Denning have been arrested after an accounts payable audit revealed the couple stole more than $500,000 from Quadrant Information Services, a technology company where Mrs. Denning worked as a manager.
The Reno Police Department's Financial Crimes Unit in Nevada conducted an investigation after QIS found the large amount of money had been taken by the Dennings, and they were subsequently arrested. The company says that Mrs. Denning wrote fraudulent checks from Quadrant's account to her husband and other individuals. RGJ.com reports that Mr. Denning would then deposit the bogus checks into his bank account in order to pay bills. In an attempt to conceal the illegal activity, he would then write checks back to his wife. However, authorities are not certain of where the stolen funds went, as there is no evidence of extravagant purchases, says the news source.
Heather has been charged with embezzlement, forgery and money laundering while her husband is accused of theft, money laundering and embezzlement.
"In the grand scheme of money laundering, a local couple had access to money and took advantage of it," said Financial Crimes Unit division head Sargent Dave Macaulay.