Embezzling

An accounting manager who allegedly stole more than $1.5 million from her employer has admitted to wire fraud.

Gone Postal; five down in fraud; ‘saves me a lot of taxes’; and other highlights of recent tax cases.

The Securities and Exchange Commission has charged two former executives at iPayment, a Westlake Village, California-based credit card processing company, with overseeing a scheme to steal millions of dollars via bogus expense reimbursements, inflated invoices and various accounting maneuvers.