Dow Jones Employee Stole $400,000
Talk about a bull market.
For two years, Jacqueline Bucco, 32, an employee of the Dow Jones & Company office in Monmouth Junction, N.J., wired $429,000 of the company's funds to three personal accounts. She committed the fraud from March 2009 to March 2011.
Bucco pled guilty to the lone count of wire fraud on June 23.
In catching wind of the scheme more than two years after it began, Dow Jones issued a statement highlighting the expeditious manner in which the case was being handled. The Secret Service was receiving credit for nabbing Bucco, according to press reports.
"We reported this matter to the U.S. Attorney's Office and we're grateful for their quick action in resolving this issue," said Dow Jones Senior Vice President Bethany Sherman, according to a report by the South Brunswick, N.J., Patch.
As a fulfillment staff assistant, Bucco was responsible for processing external sales orders and other internal systems of money-handling. In stumbling upon one internal system that was inactive, but still had money in it, Bucco funneled money to three personal bank accounts. She used the funds to buy the following items, according to Patch and the U.S. Attorney's Office:
- A Harley Davidson Sportster motorcycle.
- 25 Coach items, including suitcases, purses, and checkbooks; two Louis Vuitton items, including a purse and a wallet.
- Apple iPads and two Apple iPods.
- An Amazon Kindle.
- An X-Box Kinect.
- A Motorola Droid.
- A Nikon digital camera.
- A Meade telescope.
- A Sony Handycam.
- Two JBL 500-series speakers.
- A 32-inch Polaroid TV-DVD combination player, four guitars, including three Gibson Les Paul guitars and one Sterling guitar.
- Two pairs of sunglasses, including Salvatore Ferragamo, and Coach brand jewelry -- including five necklaces, eight bracelets, two pairs of earnings and three rings.
- Two dresses from David's Bridal, including a wedding dress, and a pair of Jimmy Choo shoes.
The Madoff of Monmouth faces up to 20 years in prison, and a fine of $250,000. Her sentencing will take place on Oct. 13, 2011.
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