A former company bookkeeper allegedly embezzled nearly $10 million to buy luxury items. This resulted to the company cutting down its workforce.

Californian authorities said that 51-year old Annette Yeomans surrendered at Vista, California last Friday and was booked for investigation of embezzlement and grand theft. She’s being held in lieu of $10 million bail.

Yeomans served as the chief financial officer of furniture company Quality Woodworks, Inc. based in San Marcos, California from 2001 to 2007. Authorities revealed that during this period, Yeomans spent more than $250,000 on 400 pairs of shoes, more than 150 purses that are valued at $2,000 each and more than $300,000 on designer clothes.

Aside from the aforementioned, the suspect also spent company funds on remodeling her bedroom into a closet that would house these luxury items. She also decorated the closet with a 32-inch television and chandelier.

Sgt. Mark Varnau of the Financial Crimes Unit said that Yeomans made weekly payments on her credit card bill using the company’s funds. Such transactions were not noticed since the company trusted her that they did not hire external auditors to check the company’s financial transactions.

Yeomans was fired in 2008 after the transactions were discovered. The company has salvaged about $2 million from the sale of the suspect’s properties.

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