A former employee of Palo Alto restaurants Rangoon Ruby and Burma Ruby has been charged with embezzling more than $ 200,000, the Santa Clara County District Attorney’s Office said Wednesday.
Jennifer Colvin, 40, of Oakland, was the director of human resources, payroll and risk management for Rangoon Ruby Investments, LLC and Burma Ruby Investments, LLC in Palo Alto. She is said to have increased her monthly salary and paid herself bonuses without authorization.
The alleged embezzlement occurred between February 2019 and October 2020. The owner of Rangoon Ruby and Burma Ruby discovered the alleged fraud in November 2020 after finding accounting discrepancies. Colvin had given himself several bonuses of $ 15,000 and made a payment of $ 65,000 for a Porsche, among other alleged thefts, investigators said.
Colvin has been charged with two counts of theft by an employee. If found guilty, she could be incarcerated and be required to pay restitution to the company. Colvin is scheduled to appear Wednesday afternoon in Santa Clara County Superior Court in San Jose.
District Attorney Jeff Rosen has warned business owners to keep a close eye on their business finances.