Kristina Marie Hosea, 44, a woman from Corona, was sentenced on Monday to more than two years in federal prison for embezzling nearly $516,000 from Advanced Real Estate Services, the Irvine-based real estate company that employed her, according to the O.C. Register.
Hosea was sentenced to a 27-month prioson term and she was also ordered to pay back more than $515,000 in restitution. She will begin serving her sentence on Feb. 21.
Hosea was the assistant to the president of Advanced Real Estate Services (ARES) in Irvine, California. As the assistant, Hosea was responsible for reviewing and approving invoices and preparing checks to be signed by the company president. She was also provided a company credit card to use for business purposes only and was not authorized to sign company checks nor to use another signature on company checks, according to the FBI.
Beginning in at least September 2008 and continuing through approximately May 3, 2014, Hosea knowingly operated a scheme to defraud ARES. Hosea conducted transfers and cashed at least 100 checks drawn on ARES’ bank account payable to her or others for non-business related expenses, which totaled approximately $318,835.97, causing wire transfers to her personal account. From approximately April 2008 to May 2014, Hosea used company credit cards to make purchases unrelated to ARES’ business, totaling approximately $196,781.02.
In order to conceal her actions and avoid detection, Hosea altered and modified bank and credit card records.
From September 2008 through May 2014, Hosea cashed at least 100 checks drawn on the company’s account, and also used the company’s credit cards for non-business-related expenses, embezzling a total of $515,616, according to court documents.