Thursday, April 22, 2010

The Other Shoe Falls for Kristy Watts

On September 29, I did a post here about an ex-aide who had admitted to embezzling $400,000 between 2003 and 2008 from her boss . . . who happened to be romance novelist Danielle Steel.

Kristy Watts worked for Steel from 1993 to 2008, earning $200,000 annually for part-time work as the controller of Steel's TPA Company formed to manage Steel's household and travel expenses.

WGAL in San Francisco reported:
Watts, who is also known as Kristy Siegrist, said in the federal plea agreement that she embezzled from Steel in three ways: depositing checks made out by her employer for "cash" to her personal account; using the employer's credit card reward points to buy airline tickets and gift cards for Watts and her family; and arranging for a payroll processing company to pay her more than she was due . . .
Steel retaliated by filing a civil suit against Watts in which she alleged Watts cost her $2.7 million over the fifteen years the two were together.

On Tuesday, Watts faced Judge Vaughn Walker in U.S. District Court who, according to the Associated Press (AP), sentenced her "to nearly three years in prison for embezzling more than $760,000."

The AP says, Watts has paid Steel $969,752 to settle that civil lawsuit. To do so, she was forced to sell her house and its furnishings. Watts is 48-years-old and is married to a San Francisco Police Department officer. They have a six-year-old daughter.

Read the Associate Press story here.

2 comments:

Kaz Augustin said...

Your last two posts have exceeded even my daily quota of irony.

Jesse said...

The world is full of idiots. This one takes the cake.