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Boat Insurance » Blog Archive » Bayport woman accused of embezzling from insurance agency

Bayport woman accused of embezzling from insurance agency

Bayport woman accused of embezzling from insurance agency
News from Pioneer Press:

The co-owner of a Stillwater insurance agency is accused of bilking the business out of more than $ 130,000 and using the money for personal purposes, according to charges filed last week.

Carol Lynn Greethurst, 51, of Bayport was charged March 13 with one count of felony theft by swindle.

An employee of the Kathy SchoebbornAtkins Farmer’s Insurance agency called Stillwater police in July about the possible theft of business funds, according to a criminal complaint. The employee believed Greethurst had been “embezzling money from the insurance company by using her position within the company as the accountant to swindle $ 136,482.63 over a period from January of 2010 to July 2013.”

Investigators said an audit showed Greethurst had obtained the funds by padding her paychecks, withdrawing funds from the business’ line of credit and “receiving false reimbursements through payroll withholding,” the complaint said.

Greethurst allegedly used the ill-gotten money “to pay for boat slips and personal credit cards and expenses,” including insurance.

She does not appear to have a criminal record in Minnesota.

A message left for Greethurst Monday was returned by a man who said, “We will not be making any comments.”

Greethurst’s first court appearance is scheduled for May 1.

Elizabeth Mohr can be reached at 651…………… continues on Pioneer Press

… Read the full article


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