Coral Springs Woman Receives 51-Month Sentence for Embezzlement and Fraudulent Loan Application

Name: Coral Springs Woman Receives 51-Month Sentence for Embezzlement and Fraudulent Loan Application • Coral Springs Talk
Uploaded: 2023-03-24T18:09:35-04:00
Description: Coral Springs woman has been sentenced to 51 months in prison after being found guilty of embezzling $94,500 from her former employer,

by Sharon Aron Baron March 24, 2023

by Sharon Aron Baron March 24, 2023 1 minutes read

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By Sharon Aron Baron

Coral Springs woman has been sentenced to 51 months in prison after being found guilty of embezzling $94,500 from her former employer, a Fort Lauderdale-based trucking maintenance company.

Jennifer Pamela Izzo, 35, also attempted to fraudulently divert government funds for personal gain through a COVID-19 assistance loan application filed on the company’s behalf. She could have gained up to $150,000 from the unapproved loan.

Hired as a financial bookkeeper by the auto-maintenance company in August 2019, Izzo was given direct access to the company’s vendor accounts and credit cards. Between October 2019 and April 2020, Izzo devised a scheme to defraud her employer by creating fake vendor accounts, which she secretly controlled, and conducting unauthorized transactions with the company’s credit cards. The stolen funds were redirected from the fake vendors to her personal bank account.

During the COVID-19 pandemic, Izzo was asked to file an Economic Injury Disaster Loan (EIDL) on the company’s behalf. However, she listed her own bank account as the intended beneficiary instead of the company’s account.

She pled guilty on December 20, 2022, to two counts of wire fraud and one count of aggravated identity theft. Izzo’s bond was revoked while awaiting sentencing, and she was taken into federal custody after being suspected of stealing money from another recently hired company.

In addition to her prison sentence, Izzo has been ordered to pay restitution of $94,500 to her previous employer.

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Sharon Aron Baron

Editor of Talk Media and writer for Coral Springs Talk. CST was created in 2012 to provide News, Views, and Entertainment for the residents of Coral Springs and the rest of South Florida.