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Cargill accounting manager admits to $3.1 million theft

It's going to go down as one of the biggest embezzlement cases in New York history, if things stand as they look right now. An accounting manager who used to work for the agriculture company Cargill -- an absolute giant in that industry -- recently admitted to spending the last decade stealing right around $3.1 million.

To really understand how big Cargill is, it's worth noting that there are not any companies in the entire country that are both privately owned and larger than the agricultural powerhouse. The only larger businesses are publicly traded.

In stealing from such a huge corporation, the accounting manager is accused of doing even more damage than the $3.1 million. Reports indicate that she's estimated to have cost them in the realm of $25 million.

In admitting she is guilty, the 50-year-old woman did get a bit more power in crafting her own sentence.

For example, she said she would not appeal any sentence that was for nine or fewer years. She also said she'd give up her house, pay the company $3.5 million -- perhaps more than she originally took, but less than those estimated losses -- in restitution, and she said she would forfeit her company pension.

She could still face significant jail time, though, as she admitted to filing incorrect tax returns and committing mail fraud. That could put her behind bars for over 11 years.

If you're facing white collar crime accusations, you need to know what legal options you have as you head to court. This can be rather complex in cases that span a decade or more, and that involve such significant assets.

Source: Times Union, "Cargill accounting manager stole $3.1M from agriculture giant," Robert Gavin, Nov. 28, 2016

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