Ex-HP finance manager jailed after going on $5m spending spree using company plastic

2022-08-19 19:27

Now-former HP finance manager Shelbee Szeto has been sentenced to three years in prison and ordered to forfeit more than 250 luxury items after she blew $5m on herself using company credit cards.

Szeto, 30, of Fremont, California pleaded guilty to wire fraud, money laundering, and related tax charges in March.

As part of her job, Szeto was responsible for paying HP vendors, and as such, she had multiple company credit cards that were supposed to be used to make payments on HP's behalf - not for personal expenses.

Szeto then funneled at least $4.8 million in fraudulent payments from the HP credit cards to the bogus accounts and bought hundreds of luxury goods for herself.

Plus, to further her scam, Szeto uploaded falsified invoices to HP's internal system and told the IT giant that the payments were made to legitimate suppliers.

In February, Szeto was charged with two counts of wire fraud, two counts of money laundering, and one count of filing a false tax return before pleading guilty to all five counts a month later.

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