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Employee of jewelry company stole $2.8 million from employer

On the date listed above, Manhattan District Attorney, Alvin Bragg, announced that 36-year-old Francisco Lopez was indicted for stealing more than  $2.8 million dollars from a jewelry company he was employed by. Lopez stole the money between September 2014 and April 2021.

Lopez worked as a bookkeeper for the jewelry company. In May 2021, the Manhattan District Attorney’s Office’s Major Economic Crimes Bureau initiated an investigation into what they described as financial irregularities in the jewelry firm’s accounts. Investigators discovered that Lopez transferred money from his employer’s business accounts to his own personal bank and credit card accounts.

Lopex hid the transfers in corporate expense tallies. Lopez used the ill-gotten funds on travel, and to purchase jewelry, clothing, and high-end cars.

Source.

 

Francisco Lopez in Court

Francisco Lopez

 

Image Credit: Alec Tabak