A Minneapolis marketing executive embezzled more than $1.5 million from his employer and spent the money on luxury goods and travel, according to a federal indictment.
Daniel Therese Eisenbacher, 39, was charged Wednesday in U.S. District Court in Minneapolis with six counts each of wire fraud and money laundering, as well as mail fraud, in connection with the alleged theft from Little & Co. He was charged with one count of.
For more than five years until October, Mr. Eisenbacher held various positions at the company, including director of operations, vice president of operations and chief operating officer, and was responsible for financial management, according to the U.S. Attorney's Office. That's what it means.
“We immediately notified authorities of the suspected expense fraud and have been working closely with authorities ever since. Some funds have been recovered through insurance claims,” company spokeswoman Amy Jackson said Friday. Stated.
Starting in October 2019, Eisenbacher used company credit cards to fraudulently purchase designer clothing, jewelry, furniture, personal travel, and home improvements, according to the indictment. Eisenbacher attempted to conceal the theft by making false entries in the company's accounting records to make the purchases appear to be legitimate business expenses.
The purchases included three Rolex watches priced between $20,000 and $50,000, a $10,000 Cartier watch, a $19,000 necklace and a bracelet. She also used her stolen money to buy two Prada Spa zip-up pouches in Italy and a plane ticket from the Twin Cities to Denver and Portugal.
Eisenbacher is free on a personal recognizance bond ahead of a May 30 court appearance. A message was left with her attorney Friday asking for a response to her accusations.
