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Employee charged with defrauding local business of over $500K

Police say the accused was responsible for managing finances for the business
2024-02-08-saultpolicepatchjh01
File photo.

One person is being accused of defrauding a local business of over half a million dollars.

Detectives with Sault Ste. Marie Police’s fraud unit began investigating in late August.

“The investigation revealed between June 2020 and August 2024, the accused, who was responsible for managing finances for a local business at which they were employed, had stolen approximately $559,701.63 from the business’s accounts,” allege police in a news release.

“They had done so by transferring funds from the business’s accounts to their personal account.”

Lorraine Lariviere, 50, turned themselves in shortly after 9 a.m. on Dec. 10.

The accused has been charged with fraud over $5,000.

None of the allegations have been tested in court and the accused is considered innocent unless proven guilty.