Former Accounting Supervisor Pleads Guilty to Embezzling $3.6 Million from Employer

A former accounting supervisor for a Houston area chemicals company has pleaded guilty to embezzling more than $3.6 million from her employer, United States Attorney Tim Johnson announced today. Diana Simon, 49, of Sugar Land, Texas, appeared before United States District Judge Kenneth M. Hoyt today and pleaded guilty to wire fraud arising from a scheme she devised to steal more than $3.6 million from her employer, Kaneka Texas.As an accounts supervisor, Simon was responsible for processing invoices submitted by vendors for payment. Simon pleaded guilty to using this process to create and implement a false and fraudulent scheme to cause $3,621,220 from her employer's bank account to be wired to her own bank account at a Houston area bank from June 2006 through February 2008. Simon used the embezzled money to buy a luxury home, luxury vehicles, jewelry and financed multiple gambling trips to Louisiana and Las Vegas. Posted in: Internal Fraud