Elderly Slidell woman jailed after taking an estimated $2.1 million from employers
POSTED: Thursday, March 21, 2013 - 2:04pm
UPDATED: Thursday, March 21, 2013 - 4:00pm
St. Tammany Parish, La — Detectives arrested a Slidell woman on March 14 for embezzling money from her employer.
Janice Ricks Linam, 72, was employed for the past 28 years as a personal assistant for two sisters who resided on the south shore.
The St. Tammany Parish Sheriff's Office received a complaint in December of 2012 from the son of one of the sisters; he had discovered some irregularities in his mother’s personal finances.
Several months of investigation uncovered that Linam had been writing checks on the personal accounts of her two employers for several years.
The detectives collected enough evidence to obtain two warrants for bank fraud that at that time equaled over $450,000.
Linam turned herself in and provided a confession to detectives outlining her fraudulent transactions.
Detectives working on the case have been in contact with forensic accountants hired by the family. While still in the process of reviewing previous years of transactions that Linam conducted, the accountants have uncovered an estimated $2.1 million that was taken fraudulently by Linam.
Linam was booked into the parish jail on two counts of Bank Fraud. Her bond was set at $500,000. After it was posted she was subsequently released on March 14.