Connect with us

Headlines

Former Employee Accused in $2.8M Theft from Jewelry Company

He was indicted in New York for alleged larceny and criminal possession of stolen property.

mm

Published

on

A former bookkeeper for New York City-based jewelry company Julie Vos is accused of stealing more than $2.8 million dollars from the firm.

He’s alleged to have committed the crimes between September 2014 and April 2021, according to a press release from Manhattan District Attorney Alvin L. Bragg Jr.

Francisco Lopez, 36, is charged in a New York State Supreme Court indictment with first- degree grand larceny and first-degree criminal possession of stolen property.

“Francisco Lopez is charged with capitalizing on his insider access to steal nearly $3 million from a New York City-based business over seven years,” Bragg said.

“I thank my Office’s talented investigators and prosecutors who followed the money, uncovering thousands of fraudulent transfers, to secure this indictment. We are dedicated to protecting businesses across our City from all varieties of theft, including fraud from the inside.”

More from the release:

In May 2021, the Manhattan D.A.’s Office’s Major Economic Crimes Bureau (“MECB”) began investigating financial irregularities in the Julie Vos accounts LOPEZ oversaw as the company’s bookkeeper. As alleged, between 2014 and 2021, LOPEZ regularly but discreetly transferred sums of money from the Julie Vos business accounts to his own personal bank and credit card accounts, while hiding those transfers in corporate expense tallies. LOPEZ used the stolen funds to pay for leisure and luxury items, including travel, jewelry, clothing, and high-end automobiles. LOPEZ’S systematic theft was uncovered in April 2021, when American Express asked Julie Vos about numerous transactions they observed from the Vos company accounts to pay for charges on LOPEZ’S personal American Express card. The Manhattan D.A.’s Office’s investigation ultimately revealed that, over the course of thousands of transfers, LOPEZ stole more than $2.8 million dollars from Julie Vos.

Assistant D.A. Aaron Ginandes is handling the prosecution of the case under the supervision of Assistant D.A.s Julio Cuevas (Deputy Bureau Chief of MECB), Julieta V. Lozano (Chief of MECB), Chris Conroy (Special Advisor to the Investigation Division), and Executive Assistant D.A. Susan Hoffinger (Chief of the Investigation Division). Senior Financial Investigator Samantha Drofiak and Paralegals Anna Bruckner and Clara Parkus provided analysis and assistance with the investigation.  Discovery Analyst Pauline Davis assisted with discovery.

Advertisement

Advertisement

SPONSORED VIDEO

When the Kids Have Their Own Careers, Wilkerson Can Help You to Retire

Alex and Gladys Rysman are the third generation to run Romm Jewelers in Brockton, Mass. And after many decades of service to the industry and their community, it was time to close the store and take advantage of some downtime. With three grown children who each had their own careers outside of the industry, they decided to call Wilkerson. Then, the Rysmans did what every jeweler should do: They called other retailers and asked about their own Wilkerson experience. “They all told us what a great experience it was and that’s what made us go with Wilkerson.” says Gladys Rysman. The results? Alex Rysman says he was impressed. “We exceeded whatever I expected to do by a large margin.”

Promoted Headlines

Most Popular