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Embezzler Going Away for a Long Time

February 26, 2010
EUGENE, OR—An embezzler credited with the demise of a printing company and the jobs of its 85 employees is paying a dear price for her transgressions. Vickie Monfore, 48, who wrote out 234 checks from the IP/Koke Printing account to herself and pleaded guilty to 84 different theft charges, will spend nearly 24 years in prison, according to the Eugene (OR) Register-Guard.

Prosecutor Bob Lane said that Monfore spent a good deal of the $1.56 million she misappropriated as the firm's accounts payable clerk between August 2003 and June 2008 on more than 30 flights to Las Vegas, hotels, vacations and cruises, the paper reported. Monfore’s lawyer argued that her thefts were fueled by a gambling addiction, a claim the judge rejected while pointing out that Oregon casinos were only 90 minutes away by car. IP/Koke went out of business in December of 2008.

“It strikes me that you were just having a heck of a good time with family and friends,” Lane County Circuit Judge Debra Vogt said to Monfore, according to the Register-Guard.

Jason Pierce, president and CEO of the defunct printer, told the newspaper that Monfore leveraged an “inappropriate relationship” with her boss, a former CFO for IP/Koke, to reconcile the company’s bank statements. Pierce’s father and the company’s founder, Richard Pierce, informed the court in a statement that Monfore stole more than $701,000 between 2007 and 2009, which virtually matched the amount of a loan IP/Koke took out in a fruitless attempt to stay in business.
 

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