Legal NewsChicago Firm Victim of nearly $1M Embezzlement

Chicago Firm Victim of nearly $1M Embezzlement

Cook County prosecutors have charged office managerĀ Joan Sanchez with embezzling more than $880,000 from Chicago law firm Kelly, Olson, Michod, Dehann & Richter LLC.Ā  The embezzlementĀ apparently occurred over a seven-year period from 2002 to 2009, during which time Sanchez alledgely wrote hundreds of checks from the firmĀ to herself andĀ falsified an unknown number of spending reports to cover her tracks.

The scheme may have gone unnoticed indefinitely, but everythingĀ unraveledĀ last year while Sanchez was onĀ vacation.Ā Ā The firm bounced a $40 check written from an account that their falsified records showed to have sufficient funds.

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Sanchez is now being held on $100,000 bail.

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