12 Mar
$450,000 Embezzled From SB Olive Co
Sheriff deputies arrested 39-year-old Cathy Latou who, reportedly admitted to embezzling over $360,000 from the Santa Barbara Olive Company.
The owners of the company contacted the sheriff’s department on Monday, after Latou reportedly confessed to the theft.
After a further investigation, sheriff officials discovered Latou may have taken an additional $90,000. Investigators believe the majority of funds were obtained through a company credit card or company checking account.
The sheriff’s department believes Latou spent the money on personal items and for gambling excursions.
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Posted
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Thursday, March 12th, 2009 at 4:35 pm under
