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Woman Admits to Stealing $1.3 Million from Business

Buffalo, NY (WBEN) An Arcade woman admits to embezzling more than a million dollars from the business she worked at as a bookkeeper.

44 year old Debra Davis pleaded guilty to first degree grand larceny, falsification of business records and offering a false instrument for filing before Judge Penny Wolfgang.

Davis admitted stealing about $1.3 million dollars from American Stainless Corporation by embezzling the money and falsifying company records.

Prosecutors say she took the money to buy a number of goods, gamble, and buy a tow truck business, naming it after her favorite slots game.

Davis faces up to 25 years in jail when she is sentenced July 22nd.

Filed Under :  
Topics : Business_FinanceLaw_Crime
Social :
Locations : Buffalo
People : Debra DavisPenny Wolfgang
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