Ex-oil company accountant accused of embezzlement

AP News
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Posted: Jun 06, 2011 8:10 PM
Ex-oil company accountant accused of embezzlement

A former Houston oil services company accountant and several members of her family have been charged with first-degree felony theft. Prosectors say the woman stole more than $13 million from her employer over 10 years.

Harris County prosecutors say Nancy Moreno paid the money to dummy accounts from company funds while working at Davis-Lynch Inc. Prosecutor Wendy Baker says she then funneled money from those accounts to herself and several relatives.

Baker said Moreno had been "a trusted employee" who had taken years to build that trust. She said the money was paid to dummy vendors with names similar to legitimate vendors.

Family attorney Philip Hilder declined to comment, telling the Houston Chronicle that he would argue the case in court.