Update: XM Radio Employee Sentenced to 15 Months

Photographer: Stephen McCormack

Photographer: Stephen McCormack

I have an update on a case that I previously discussed involving XM Radio. Valencia Person, an Accounts Payable coordinator just received a 15 month sentence for her role in the embezzlement.

The news article detailing her sentencing notes that Person agreed to a monetary judgment of $908,924. That doesn’t make much sense to me as the article later notes that Brenda Jones, her co-conspirator received $690,000 and Person received $125,000. May be there will be more information available when Jones is sentenced on August 16…

Now, I wonder how much the investigation cost to complete… I would hazard a guess that the total loss easily exceeds $1,000,000. Investing in prevention doesn’t seem so expensive after all, does it?

Need a writer that understands fraud? When you hire me to write an article, blog post, newsletter or white paper you get an accomplished writer that is also an expert in fraud.

paul@mccormackwrites.com

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About Paul McCormack
I have over 20 years of experience in corporate fraud and intellectual theft prevention, detection and investigation. Unlike many fraud experts, I have both industry and professional services experience. To date, I have conducted over 800 interrogations of fraud suspects including numerous senior corporate executives. As a freelance writer, I have written over 1,000 articles on a broad range of topics. My areas of expertise include: • Asset Misappropriation • Big Data • Bribery, Corruption, and Collusion • Check, Wire, ACH, and Credit Card Fraud • Consumer Fraud • Corporate Security • Cybersecurity • Data privacy (Europe, Brazil, Russia, India, and China) • Drug Trafficking • Embezzlement • Employee Fraud • Executive Protection • Fintech • Financial Statement Fraud • FCPA • Healthcare fraud • Identity Theft • Intellectual Property Theft • Internal Audit • Interrogation Tactics • Loss Prevention • Mobile Fraud • Money Laundering • Operational Excellence • Organized Crime • Payments Fraud • PCI Compliance • Retail Fraud • Risk Management • Terrorism and Counterterrorism • UK Bribery Act • Workplace Violence

One Response to Update: XM Radio Employee Sentenced to 15 Months

  1. Brian Annino says:

    Meanwhile, SiriusXM stock hovers at $2.50/share and has flatlined for months. I think corporate would like that loss back. An ounce of prevention….

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