On Monday, it was announced that 62-year-old Celia Nipper, aka Celia Arrand, had been sentenced to prison for committing wire fraud, bank fraud and filing false tax returns in connection with a scheme to embezzle money from a real estate technology company. The defendant entered a plea on September 18, 2017. According to that plea, Celia Nipper of Discovery Bay, California admitted that she was employed as an office manager.
The defendant admitted to using her position of financial control at the company to redirect money intended for her employer to accounts she controlled. The defendant admitted that from 2005 to 2011, she managed the company’s accounts payable, accounts receivable, invoicing and bill paying. She opened bank accounts in the name of her employer without letting her employer know. She then directed customer payments to those accounts and used the money for her own personal gain.
The defendant also admitted to misappropriating funds from her employer’s legitimate corporate bank accounts and used money belonging to her employer to pay for her own personal expenses. She also deposited funds into her personal bank accounts. Nipper admitted that her scheme defrauded the company of more than $2 million. Also, Nipper admitted to overstating her income in connection with two mortgage loan applications in June of 2008.
She also admitted to filing false United States Tax Returns for the 2009, 2010 and 2011 tax years. In each case, the defendant understated her income causing a tax loss to the United States of at least $290,000. Nipper ultimately pleaded guilty to three counts of wire fraud, two counts of bank fraud and two counts of filing a false tax return. Again, 62-year-old Celia Nipper has been sentenced to 51 months in prison. Additional details have been made available here.