Covering Louisiana

Jul 23, 2014 8:02 AM by AP

Business manager sentenced in federal court

An Addis woman has been sentenced to 27 months in federal prison for stealing from a Baton Rouge real estate development firm where she worked as a business manager.

Prosecutors say 50-year-old Renee Elise Beard also was ordered Tuesday to pay more than $295,000 in restitution to the victim of her fraud and forfeit more than $250,000 to the federal government.

The Advocate reports Beard, who pleaded guilty in December to wire fraud, must report to prison Sept. 15.

An FBI investigation revealed her thefts caused tax problems for her former employer, Campbell Companies.

Prosecutors say some of the company funds Beard stole were supposed to have been forwarded to the Internal Revenue Service on behalf of the company.

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