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Woman who set up fictitious temp firms pleads guilty — Web

April 23, 2015

A Massachusetts woman, who prosecutors say masterminded a lucrative scheme to steal hundreds of thousands of dollars from lenders through fictitious staffing companies, pleaded guilty to money laundering and other charges and was sentenced to 3.5 to six years in state prison Wednesday, The Salem News reported. Susan Yerdon, 47, pretended to operate temporary staffing to fool finance companies as they conducted due diligence investigations before loaning money or buying up her supposed accounts receivables.

Victims included traditional business lenders as well as factoring companies, The Salem Newsreported earlier.