Former Employee Sentenced to 15 Months in Prison in $900,000 Embezzlement Scheme Against XM Satellite Radio | WPN World People News

Valencia Person, 54, of Suitland, Maryland, was sentenced today to 15 months in prison for taking part in a scheme to embezzle more than $900,000 from her former employer, XM Satellite Radio, announced U.S. Attorney Ronald C. Machen, Jr. and James W. McJunkin, Assistant Director in Charge of the FBI’s Washington Field Office.

Person pled guilty in March 2012 to one count of conspiracy to commit wire fraud. She was sentenced by the Honorable Reggie B. Walton in the U.S. District Court for the District of Columbia. Upon completion of her prison term, Person will be placed on three years of supervised release. In addition, as part of the plea agreement, Person agreed to a money judgment of $908,924, representing the amount of proceeds from the crime.

According to a statement of offense submitted to the court by Assistant U.S. Attorney Sherri L. Schornstein, Person worked at XM Satellite Radio (now known as Sirius XM Radio Inc.), a corporation based in Washington, D.C., as a coordinator in the Accounts Payable Department. Her duties included responsibility for payments to large vendors.

From 2005 until at least 2008, Person and an XM Satellite Radio accounts payable administrator, Brenda L. Jones, embezzled nearly $909,000 from the company. They secretly diverted at least 26 payments, which were supposed to go to XM vendors, to bank accounts held by Jones. They covered up the activities by altering data in the company’s accounting system. Jones then gave a portion of the monies to Person.

Jones resigned in 2006. However, more than $690,000 of the money was transferred into her accounts after she had left the company.

According to Person, she personally benefitted from the scheme in an amount not exceeding $125,000.

Jones, 46, of Lothian, Maryland, pled guilty in January 2012 to one count of conspiracy to commit wire fraud. She is to be sentenced August 16, 2012, also by Judge Walton.

Source: U.S. Federal Bureau of Investigation