Yesterday in federal court, a former payroll agent for Land O’ Lakes was charged with embezzling more than $1 million from the company. Cynthia Carol Jacobsen, age 58, of Brooklyn Park, was charged via an information with one count of mail fraud.
Allegedly, from 2008 through May 15, 2012, Jacobsen fraudulently entered her
daughter’s name into the company’s payment system as a vendor and then
authorized payments to her. During that time, Jacobsen worked as an accounts
payable supervisor and authorized payments to vendors for services rendered. The
illegal payments were sent by mail to Jacobsen’s residence. In addition,
Jacobsen allegedly concealed her actions and made misrepresentations to the
company concerning its financial condition.
If convicted, Jacobsen faces a potential maximum penalty of 20 years in
prison. All sentences will be determined by a federal district court judge. This
case is the result of an investigation by the United States Postal Inspection
Service, and the Federal Bureau of Investigation. It is being prosecuted by
Assistant U.S. Attorney Christian S. Wilton.
A defendant, of course, is presumed innocent until he or she pleads guilty or
is proven guilty at trial.
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