Former XM Employee Convicted Of Embezzling Close To $1 Million
January 9, 2012 at 3:29 AM (PT)
If the balance sheets at XM SATELLITE RADIO weren't adding up, they now know why. THE WASHINGTON EXAMINER reports, "a former SIRIUS XM RADIO administrator has been convicted in a scheme to pilfer nearly $1 million from the D.C. office of the satellite radio company. BRENDA L. JONES, 46, of LOTHIAN, MD., pleaded guilty in federal court to one count conspiracy to commit wire fraud in the theft of more than $900,000."
Prior to the merger of SIRIUS and XM, JONES was hired as an administrator in the accounts payable department in XM's D.C. headquarters.
Now she likely faces two to two-and-a-half years in prison and a fine of up to $50,000.
"Shortly after her first day on the job, JONES and another XM RADIO employee began to embezzle large payments that were supposed to be paid to XM vendors, but instead were paid from to JONES' personal bank accounts," notes THE EXAMINER. "JONES then gave a portion of the monies to the other XM employee, identified as an unindicted co-conspirator with the initials "V.P.", according to court papers."