Former Office Assistant Pleads Guilty to Stealing $1.35 Million From Real Estate Company

The U.S. Attorney for the District of Columbia has issued a press release announcing that Janette Faber, a former office assistant for Snyder Properties, a local real estate management company, has pled guilty to stealing $1,354,376 from her employer. The scheme involved issuing $1,354,376 in checks from Snyder's bank accounts made payable to Faber or her creditors. To conceal her activities, Faber omitted material information from Snyder Properties' accounting records and removed cancelled checks from Snyder Properties' monthly bank statements. See the full release here. Thank you to the White Collar Crime Prof blog for bringing this release to our attention here. Professor Podgor of that blog rightly expresses surprise that an employee of Faber's ranking was able to steal so much money over a 5 year period without anyone noticing.