RSS Feeds

Woman charged with embezzling $453K from employer

Monday - 4/29/2013, 9:30pm  ET

GREENBELT, Md. (AP) -- A Landover woman has been indicted on charges of embezzling more than $453,000 from her employer and using the money to buy a house in Africa, expensive electronics and jewelry.

A federal grand jury in Greenbelt indicted 40-year-old Mercy Coffie-Joseph on Monday. She is charged with wire fraud, money laundering and identity theft.

According to the 10-count indictment, Coffie-Joseph worked at Systems Assessment & Research Inc. and had the authority to make electronic payments on the firm's behalf.

Prosecutors say Coffie-Joseph transferred money from her employer's account to her own. Authorities say she bought a house in Ghana.

Prosecutors says items seized in a raid on Coffie-Joseph's home include a video camera worth about $10,000; a Gucci handbag worth about $885, diamond earrings and necklace and a Movado watch.

Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.