Former employee gets nearly 4 years for embezzling $1.4M

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ST. LOUIS – A woman who embezzled $1.4 million while working as the controller of a St. Louis County real estate company has been sentenced to nearly four years in prison.

The St. Louis Post-Dispatch reports that the sentence was imposed Wednesday in the case against Jennifer Saake. A company official said at the hearing that Saake created a “toxic atmosphere” of bullying and intimidation to force out employees whom she feared would discover her crime.

Prosecutors said Saake transferred money into her personal bank accounts more than 200 times from April 2010 to November 2017. They said she invested some of the money and used some to buy a Branson condo, improve her residence, pay her children’s education expenses, make vehicle lease payments and pay personal expenses.

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