Phoebe Nicholson, 40, former paralegal, Cortlandt Manor, New York was sentenced to three to nine years in state prison after pleading guilty to second-degree grand larceny. She was accused of embezzling more that $1.3 million through identity theft and mortgage fraud.
It was alleged that Nicholson, between January and March 2003, while working for Honeywell International, submitted fake invoices to Honeywell totaling almost $600,000 and purporting to be from a Manhattan law firm. She convinced her employer to give her the checks to deliver to the law firm, opened a bank account with a name similar to that of the law firm, and then deposited the checks into the bank account.
She was also accused of having obtained more than $600,000 in mortgage loans by making false statements about her job status and salary.