Sunday, June 19, 2022

Embezzlement auction yields money for SLO County victim

A San Luis Obispo County embezzlement victim will get $115,540 back after an auction of the ill-gotten goods.

The District Attorney's Office for San Luis Obispo County has finished an auction of items that were taken as evidence during a criminal investigation into embezzlement. 

“Embezzlement crimes are significant at several levels,” said District Attorney Dan Dow. “In addition to the financial devastation that large-scale thefts can wreak on a business, is the very personal impact realized when a long-term employee in a position of confidence violates that trust. The $115,540 in auction proceeds is a significant step to offset the substantial financial loss inflicted by Ms. Wilde.”

The District Attorney's Office hired SLOLO Estate Auctions, Inc. of Morro Bay to sell jewelry, watches, sports memorabilia, designer shoes, handbags, artwork, and other items that were taken as evidence during the criminal investigation.

Joy Noel Wilde of Atascadero was given a prison sentence of 10 years and 4 months on March 16, 2021, for stealing money from her former employer, Greg Wiemann Construction, over a 3-year period. 

At the sentencing hearing, San Luis Obispo County Superior Court Judge Jesse Marino pointed out the "outrageously large amount of money" that Wilde stole and said that the 10-year prison sentence was fair "due to its sheer volume." Wilde was told to pay back $877,123 to the company that used to hire her.

The investigation showed that Wilde had spent her stolen money on many things, like jewelry, watches, sports memorabilia, designer shoes, handbags, and art. Even though none of the items were stolen, they were bought with money that was stolen. The San Luis Obispo County Sheriff's Office was able to find receipts, other proofs of purchase, and COAs for many of the items (Certificate of Authenticity).

To get the most money for the victim, the District Attorney's Office asked the court for permission to sell the seized items at auction and give the money to the former employer. The court gave permission. Because of the auction, which was run by SLOCAL Estate Auctions, Inc., Wilde's former employer will get about $115,540 toward the money she owes.

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