Routine AP audit uncovers office manager’s embezzlement

A routine accounts payable audit conducted by a New Mexico branch of real estate company ReMax revealed that its office manager had embezzled more than $6,000 from the company, the Las Cruces Sun-News reports.

"The audit turned up thousands of dollars of unauthorized expenditures, missing records, and erased computer files," wrote Armand Velez of the Sixth Judicial District Attorney's Office in a press release quoted by the news source. "Questionable checks surfaced, as well as unusual credit card charges and what appeared to be outright deposits into Noe's personal bank account."

At Chanda Rae Noe's recent trial, a former ReMax partner and realtor testified that Noe would often approach her with checks to be signed as she was "heading out the door," according to the Deming Headlight. She said she trusted the office manager to submit proper checks when she did not have time to review paperwork.

Noe, who was employed by ReMax between January 2007 and May 2010, pleaded guilty to embezzlement. According to the news source, she was ordered to pay $5,300 in restitution. However, she will escape serving jail time provided she refrain from working in any capacity involving the handling of money.  

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