Atco Woman Sentenced to Over Three Years for Embezzlement
CAMDEN, N.J. – Jennifer Vandever, 49, of Atco, New Jersey, has been sentenced to 41 months in federal prison for a massive embezzlement scheme involving nearly $3.9 million from her former employer. Vandever must also pay restitution for the full amount stolen, as announced by an IRS spokesperson.
Embezzlement and Charges
Vandever pleaded guilty in June 2023 to charges of wire fraud, income tax evasion, and trafficking in an unauthorized access device. She was initially charged in February 2022 for misusing corporate credit cards for personal expenses from 2011 to 2018. Her fraudulent purchases included supermarket, restaurant, and gas station expenses, as well as insurance, utility, and phone bills. Vandever also used the embezzled funds for home repairs, tuition payments, and extensive gift card purchases.
Additionally, Vandever attempted to evade over $500,000 in federal income taxes on her unreported income. The victimized firm was identified as a foreign-owned business in Camden County, which court records and Vandever's LinkedIn page suggest is Puratos Corp., a Belgian company operating a facility in Pennsauken.
Sentence and Restitution
Under a plea agreement, Vandever admitted her guilt in June 2023. U.S. District Judge Karen Williams sentenced her to 41 months in prison, followed by three years of supervised release. The sentencing order specifies that Vandever should be placed in a facility near her home with access to skills training and mental health treatment.
Invetech LLC: Preventing Corporate Fraud
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Investigation and Sentencing
The IRS conducted the investigation that revealed Vandever's extensive embezzlement and tax evasion. Her sentencing aims to serve justice and recover the misappropriated funds, highlighting the critical need for vigilant oversight and fraud prevention in corporate environments.
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