EDEN PRAIRIE, Minn. — An Eden Prairie woman will spend two years in prison stealing more than $1 million from her employersay federal officials.
Monica Svobodny, 51, will also serve two years of supervised release and must pay more than $1.1 million in restitution, according to the U.S. Attorney’s Office for the District of Minnesota. Svobodny was convicted on Thursday.
According to court documents, Svodbodny worked as a supply chain and engineering manager at Sico, Inc., a furniture and home furnishings manufacturing company in Edina.
The law firm says she used her position as a manager to embezzle funds and use them for her own benefit. Svobodny allegedly used company credit cards for personal expenses such as designer clothing and luxury hotel stays.
She listed unapproved credit card charges as “pending” for accounting purposes in an effort to cover her fraud, federal officials say.
Svobodny also used company cards to transfer money to himself via PayPal to cover personal expenses. The law firm said this has happened more than 300 times.
According to the law firm, she embezzled more than $1,137,000 over a seven-year period.
In April, Svobodny pleaded guilty to one count of wire fraud.
The investigation in this case was conducted by the Edina Police Department with assistance from FBI Assistant U.S. Attorney Rebecca E. Kline.
