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.

santa-barbara-olive-co-productsThe 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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