A warrant has been issued for the former employee of a Feasterville, Pennsylvania-based snow removal company in connection with the alleged misappropriation of nearly $500,000, the Elizabethton Star reports.
Lisa Roche, who worked for About Time Snow from January 2007 to March 2010, handled accounts payable and payroll processing duties for the company, including paying bills, writing checks and performing bank reconciliations. A replacement who was brought in following her termination uncovered accounting discrepancies, which prompted the company to launch a widespread accounts payable audit that revealed Roche had misused four of its checking accounts.
"She is accused of taking in excess of $450,000," said local detective Eric Landamia, as quoted by the news source.
Roche faces several criminal charges, including theft by unlawful taking of property, theft by false impression and receiving stolen property. Her whereabouts are currently unknown, but she is believed to be living in Tennessee.
Companies can protect themselves from embezzlement by conducting regular AP audits and dividing responsibilities between several accounting employees. Failure to implement a strong system of checks and balances can result in misappropriation going undetected for months or even years.