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Former Employee Charged with $1.5M Theft

December 4, 2009
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EUGENE, OR—An ex-bookkeeper of a now-defunct printing company faces upwards of 100 felony counts for allegedly bilking the firm of more than $1.5 million, an act which may have contributed to its demise.

Victoria Marie Monfore of Springfield, OR, faces 58 felony counts of aggravated first-degree theft, 18 counts of identity theft and 12 first-degree theft charges in connection with an accounting scam that may have spelled the end of IP/Koke Printing, the Eugene (OR) Register-Guard reported. Monfore is accused of embezzling more than $1.5 million between August of 2003 and this past June.

She allegedly forged company checks and made them payable to herself.

Though IP/Koke Printing closed its doors in December of 2008, Monfore—the accounts payable clerk—continued working for CEO Jason Pierce and his Pierce Family of Companies, a publishing firm that produces print and online catalogs for buyers and sellers of heavy equipment, trucks and trailers, the paper reported.

Pierce told the Register-Guard that his company was "destroyed from within" and speculated that, absent the thefts, IP/Koke would still be in business.
 
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COMMENTS

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Most Recent Comments:
PromotionalDistributor.com - Posted on December 18, 2009
Only one person worked in the accounting department? Who signed the checks?
Scott - Posted on December 18, 2009
This is not surprising to me. I too am an embezzlement victim. It cost me $250,000.00 I was always at the helm and the thief was a valued "family member." Someone I truly trusted. The lesson I learned? TRUST NOBODY and check, double check, then recheck everything. Do not blame the victim, it is the "rapist" that is too blame.
Steven - Posted on December 04, 2009
I'll bet the Owner wasn't out Marketing.
John - Posted on December 04, 2009
The Fox was taking care of the Hen House...Where was the owner?
Click here to view archived comments...
Archived Comments:
PromotionalDistributor.com - Posted on December 18, 2009
Only one person worked in the accounting department? Who signed the checks?
Scott - Posted on December 18, 2009
This is not surprising to me. I too am an embezzlement victim. It cost me $250,000.00 I was always at the helm and the thief was a valued "family member." Someone I truly trusted. The lesson I learned? TRUST NOBODY and check, double check, then recheck everything. Do not blame the victim, it is the "rapist" that is too blame.
Steven - Posted on December 04, 2009
I'll bet the Owner wasn't out Marketing.
John - Posted on December 04, 2009
The Fox was taking care of the Hen House...Where was the owner?