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SoCal Woman Squanders Company Cash on Her Shoe Empire
Photo by tinou bao/Flickr
Annette Yeomans, a 51-year-old woman from the San Diego area, turned herself in at the jail in Vista yesterday. The former bookkeeper got herself booked, on charges related to the grand theft and embezzlement of $9.9 million from her former workplace, according to abc7.com. Between 2001-2007 Yeomans cooked the books at Quality Woodworks in San Marcos, forcing her employers to layoff her co-workers as she skimmed off the top to buy "400 pairs of shoes that she kept in a room-sized closet that contained a crystal chandelier and a plasma television."
Her shopping sprees would run her up $25k weekly on her credit card, and she'd pay the balance off with company funds. In addition to the shoes, Yeomans enjoyed shopping on Italian vacations, gambling in nearby casinos, and driving in luxury cars; "she spent at least $240,000 on 400 pairs of shoes, $300,000 on designer clothing and 160 purses valued at $2,000 each."
Her credit card company waved the red flag for the company; American Express called Yeoman's employers when they received a payment for her balance out of the company checkbook. "Yeomans was fired last year and agreed to turn over her assets to the company, which has recovered about $2 million from the sale of her home, some cars and other property."
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But the game has changed: Congress voted to eliminate funding for public media across the country. Here at LAist that means a loss of $1.7 million in our budget every year. We want to assure you that despite growing threats to free press and free speech, LAist will remain a voice you know and trust. Speaking frankly, the amount of reader support we receive will help determine how strong of a newsroom we are going forward to cover the important news in our community.
We’re asking you to stand up for independent reporting that will not be silenced. With more individuals like you supporting this public service, we can continue to provide essential coverage for Southern Californians that you can’t find anywhere else. Become a monthly member today to help sustain this mission.
Thank you for your generous support and belief in the value of independent news.
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