Bookkeeper Gets Two Year Sentence for Scheme that Destroyed Donadio & Olson - Publishers Weekly

This afternoon Panzer was shaken awake from his nap by the sounds of crying and wailing coming from the Catosphere. Jumping into the Panzermobile, our brave kitty boy followed all the noise to the Publishers Weekly site. There with a little digging he discovered a post about the Donadio and Olson literary agency and the agency's former bookkeeper Darin Webb.

Should have been 20 years instead.

According to Andrew Albanese, Donaldio and Olson's former bookkeeper Darin Webb has been sentenced to 2 years in prison. Mr. Webb was convicted of embezzling $3.8 million from the literary agency. Because of his embezzlement the company was forced into bankruptcy. Several authors also were financially impacted by the crime.

Panzer says, "Hmm ... Two years for all that havoc?"

Note: This is a long post. Bring a cup of tea and two muffins for today's reading selection.

To read the post tootle over to Donadio and Olson

Reverberations Continue in Donadio & Olson Embezzlement Scandal - Publishers Weekly

Today's trip into the Catosphere took Panzer to the Publishers Weekly site. With a little digging around in the posts our intrepid kitty reporter found a post about the Donadio and Olson literary agency bookkeeper scandal.

He did it for seven years?

According to Rachel Deahl, the Donadio and Olson literary agency's bookkeeper was just convicted of embezzling from the agency and it's authors. Darrin Webb, the bookkeeper, pleaded guilty to embezzling $3.3 million over seven years. The bookkeeper did this by altering authors' royalty statements and not sending checks based on those statements or altering the statements to show lesser amounts owed and then sending checks for the lesser amount or by not sending royalty statements or checks at all. Apparently, the bookkeeper was able to do this because no one was checking his work. A lawyer is now involved on behave on some of the authors to try to determine what the authors' options are. Included in the post are some things authors who use literary agencies can do to protect themselves from fraud.

Panzer says, "This little kitty would never trust anyone else to be in charge of his finances."

Note: This is a h-u-m-o-n-g-o-u-s length post. Bring a thermos of tea and a dozen muffins for today's reading selection.

To read the post tootle over to Donadio embezzlement