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AP Clerk Pleads Guilty in $400K Credit Card Fraud

Submitted by pharbin on Tue, 06/15/2010 - 08:59.

An “unsophisticated” credit card fraud yielded nearly half-a-million dollars in ill-gotten gains for one accounts payable clerk.

According to an article posted on Canada.com, an AP clerk for Vancouver Island InsuranceCentres perpetrated a credit card billing scheme against the company from 2003 to 2006. During that time, she stole $437,544.

The clerk, 45-year-old Betty-Lyn Ann Ryan, pleaded guilty last week to the fraud, which involved billing the company for her personal credit cards. Ryan’s job gave her authority over paying company credit card statements, allowing her simply to sneak her own accounts into the mix.

Although the fraud was able to continue for three years, company officials discovered it shortly after hiring a new comptroller.

According to the prosecutor in the case, Ian Tully-Barr, this was not a well-hidden fraud. “This was a very crude kind of a scheme," he told Canada.com. "It was one that wouldn't have withstood any sort of audit or scrutiny.”

The court sentenced Ryan to two years of house arrest.

Click here for the full story.

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