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Ex-Microsoft exec found guilty of embezzlement explains herself


Carolyn Gudmundson, a former Microsoft manager who has admitted stealing hundreds of thousands of dollars from the company, wrote a letter of explanation and apology, reports a post in Todd Bishop's blog. The story is a sad one of a high-paid, high-flying executive gone awry. Gudmundson has admitted to falsifying expense reports for domain names purchased on her corporate credit card. She admits to submitting the same receipts repeatedly for reimbursement.

The US attorney is recommending a prison sentence of two years and three months plus three years of supervision after release, the blog states. On top of that, the judgment against her requires retribution to the tune of nearly $1 million (or US$923,641.60). Gudmundson apparently used the money to support her mother and brother, but also to support a lifestyle she felt was befitting a high-level Microsoft executive. As her spending grew, she tapped into her existing assets before she heading down the path of embezzlement.

The blog quotes her as saying,

"I borrowed against my 401K, took loans and borrowed money to keep everyone going. Of course, there were all the items that go along with having a family, home and friends too. I was a big Microsoft executive and had to live up to those expectations."

Read more @ PC World

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