CFO sentenced to federal prison for taking $700,000 from his employer

REGION — The former chief operating officer of a Carlsbad-based contractors insurance company was sentenced to nearly two years in federal prison for stealing hundreds of thousands of dollars from the company, the office of the US Attorney on October 6.

Antonia Barber, 52, of San Diego took $726,060.75 from Target Financial and Insurance Services over seven years, prosecutors said.

Barber pleaded guilty last year to a federal wire fraud charge and was sentenced Monday to 21 months in prison.

Prosecutors said that beginning in 2008, Barber wrote ‘hundreds’ of checks to a family member for ‘records management’ services that were never provided, and then began getting paid. checks – totaling more than $600,000 – for “reimbursement of expenses”.

Barber’s position in the company allowed him to approve employee reimbursement requests and issue reimbursement checks.

The U.S. Attorney’s Office said she later falsely told the owner of the business that she was in financial difficulty, prompting the owner to invest more money in the business to keep it going. flow and avoid layoffs.

Prosecutors say the owner eventually discovered the thefts and reported it to law enforcement.

“This defendant abused her position of trust to steal hundreds of thousands of dollars,” U.S. Attorney Robert Brewer said. “This sentence reminds us that there will be a price to pay for employees who use company funds as personal bank accounts.”

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