CORONA, CA — A Corona woman was sentenced Friday to four years and nine months in federal prison for embezzling nearly $1 million from her employer.
Jenev Boyd, 60, was sentenced by U.S. District Judge Sunshine S. Sykes, who also ordered her to pay $780,810 in restitution.
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Boyd was a long-time employee and director of accounting for Corona-based Encore Property Management, which provides property management services to its homeowner association clients — primarily in the Inland Empire.
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From January 2012 to August 2020, Boyd fraudulently manipulated Encore’s internal accounting software by reactivating the company’s retired or nonactive client accounts. She then changed key information to reflect her name so payments came directly to her, according to the U.S. Attorney’s Office, Central District of California.
Boyd masked the embezzlement by keeping the monthly amounts in line with other vendor payments. She also forged signatures, including that of Encore’s president, on each check she fraudulently issued to herself, prosecutors allege.
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Boyd misled the company’s clients about the checks she wrote to herself out of their accounts, including describing the transactions as being for operating expenses rather than payments to her based on bogus invoices, according to the prosecutors.
In total, Boyd defrauded her employer and its clients out of $931,077.
“[Boyd] abused the trust of her friends and co-workers and convinced them they did not need to look more carefully at reports from banks, which she doctored before providing an accounting to each client she had embezzled from,” prosecutors argued in a sentencing memorandum. “As a result of her fraud, employees left the business, and those who considered her a friend, like a sister, felt blindsided and betrayed.”
Boyd pleaded guilty in December to one count of wire fraud and one count of aggravated identity theft.
The FBI investigated the case. Assistant U.S. Attorney Sean D. Peterson of the Riverside Branch Office prosecuted the case.
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