September 14, 2011

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Rockland woman charged with embezzling over $800,000 from auto dealership


NEW CITY – A 49-year-old Chestnut Ridge woman, who was the comptroller for Bill Kolb Jr. Subaru in Orangeburg for four years, has been indicted on charges that she stole close to $838,000 from the dealership.

Carol Grabbe of 6 Sergio Court was charged with three counts of grand larceny, two counts of criminal tax fraud and one count of offering a false instrument for filing, all felonies.

It is alleged that between January 2005 and February 2009, she was the company comptroller at the auto dealership where she stole over $829,000 from daily cash deposits. She is also charged with stealing $8,866 by receiving double pay through manual company checks, payroll checks and direct deposits from 2007 to 2009.

Grabbe is also accused of failing to report the income to the state Tax Department for three years.

The thefts were uncovered during an audit by a forensic accountant after the dealership was notified it was delinquent by over $2 million in payments to Subaru America.

If convicted, Grabbe faces up to 15 years in state prison.

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