Three ex-employees have been indicted by a grand jury and are accused of embezzling more than $1 million from their former employer Sundance Services, an oilfield company located in Eunice, New Mexico. An accounts payable audit conducted by the company found the discrepancies.
According to the Odessa American, Donna Roach, Kelly Roach and Michael Patterson are charged with wire fraud and money laundering between 2005 and 2008. The indictment, consisting of 26 pages, includes a $1,243,653.09 demand of forfeiture. At least 47 fraudulent invoices were created for a fake company, which caused Sundance's tax returns to be incorrect. The news source states that the Roaches and Patterson were the only management-level employees of Sundance.
An article in the Courthouse News Service reports Donna and Kelly Roach abused their positions and authority by embezzling company money to buy homes, an RV and other personal purchases. Patterson was also involved in the conspiracy by assisting the Roaches in fixing the books.
The news source states that Sundance claims Donna Roach was tempted by an increase in revenue for the company and abused her signing privileges and access to the company's bank accounts.