Ms. Becky Louise Sutton allegedly embezzled funds from 2009 to 2018 while working on bankruptcy cases for a local law firm.
Ms. Sutton allegedly initiated fraudulent transfers of bankruptcy funds from fiduciary bank accounts to bank accounts Ms. Sutton controlled, including her personal bank account, credit card account, student loan account, and mortgage account. In order to conceal the diversion of funds, Ms. Sutton allegedly listed a company with a name similar to a true creditor.
The ability to unilaterally initiate balance transfers can create opportunities for theft. There should be safety measures in place to prevent a singular person from being able to initiate balance transfers or account information. This could have prevented monies being transferred without approval by other partners of the firm and prevented the funds being allegedly directed to accounts controlled by Ms. Sutton.
Unfortunately, without proper internal controls, the client companies suffered a loss of more than $600,000.00.
Photo by Tara Winstead
