By Edwin Folven, 4/19/2012
A former account manager at a Los Angeles-based financial services firm has been charged with 17 counts of grand theft and accused of stealing more than $4.6 million from 16 victims over an almost six-year period.
Diane Schumacher, 58, of Beverly Hills, was charged in a criminal complaint and arrest warrant on April 5. The complaint includes excessive-taking allegations because the theft exceeds $4 million.
The alleged offenses took place between November 2003 and August 2009, while Schumacher was employed by Keepers Financial Corporation, a company that provides bookkeeping and bill payment services. The alleged theft was discovered through an audit of accounts managed by the defendant.
Schumacher’s alleged theft ranged from about $22,000 to more than $690,000 from individual clients. The defendant purportedly used client funds to pay her creditors and also to conceal her crimes by replenishing looted accounts with money from the accounts of other clients. Schumacher, who was employed by Keepers for 12 years, was terminated in late 2009. If convicted as charged, Schumacher faces a maximum state prison term of 22 years, eight months.