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Affton Woman Pleads Guilty to Bank Fraud

Ruth Jackson embezzled more than $40,000 using a secret account as The Flood Team's director of finance from 2011 until 2012.

Affton resident Ruth Jackson pled guilty to embezzling more than $40,000 from a St. Louis area service company from 2011 until 2012, according to a news release from the U.S. Attorney’s Office. 

Jackson diverted checks and funds payable to The Flood Team, a company that provides sewage cleanup and restoration services related to water damage, into a secret account. The business has locations in Sunset Hills and Brentwood.

Jackson, 47, was hired employed as The Flood Team's Director of Finance from August 2011 until April 2012. Jackson secretly kept a corporate account open without the business owner’s knowledge, and used money diverted to the secret fund to write checks to herself, the release notes. Checks were cashed throughout the area.

In her position, she was responsible for the business’s books, records, and finances, including bill payments and managing bank accounts.

Jackson pled guilty to one felony count of bank fraud, which carries a maximum penalty of 30 years in prison, or fines up to $1 million. Her sentencing has been set for May 2.  

John Dough January 30, 2013 at 12:47 PM
Probation and make some meagre restitution....will be her punishment. This will however look bad on her resume.

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