From Star Tribune, “a former bookkeeper from upstate New York has been sentenced to five years in prison and ordered to pay $3.5 million in restitution.
Diane Backis, who had worked at Cargill’s grain-shipping operations at the Port of Albany since 1986, pleaded guilty a year ago to skimming $3.1 million off grain sales and causing more than $25 million in additional losses to the Wayzata-based company. It was a scheme that went undetected for at least a decade.
Backis admitted to mail fraud and filing a false income-tax return over a plot in which she charged customers for animal feed at prices well below what her employer had paid and falsely recorded those sales at prevailing market prices. The entries made it look like the customers still owed money. In some cases, Backis directed customers to send payments directly to her, bypassing Cargill’s corporate controls.”