Controller Faces 20 Years for Embezzling Over $1 Million Featured
26 February 2018
The former controller of a New York BMW dealership faces 20 years in prison for embezzling from the store.Vanessa Vence-Small pleaded guilty to one count of wire fraud arising from an embezzlement scheme.According to court documents and statements made in court, Vence-Small was the controller of Felix F. Callari Inc., doing business as Continental BMW of Darien. From October 2014 to June 2017, Vence-Small made 65 unauthorized electronic fund transfers, totaling $904,659.29, from the dealership’s bank account to her personal American Express account. Vence-Small also issued and signed 28 checks drawn on the dealership’s bank account, in the total amount of $207,777.78, to pay various third parties, including credit card companies, contractors who performed work at her residence, and a different dealership from which she purchased a car. She also incurred on company accounts an additional $31,452.08 in unauthorized credit card charges and reimbursements.Vence-Small’s sentencing is scheduled for May 24, at which time she faces a maximum term of imprisonment of 20 years, a fine of up to approximately $2.3 million, and an order of full restitution.Vence-Small is released on a $100,000 bond pending sentencing.