Bookkeeper gets jail time after stealing $2.2 million from B.C. company

Actual amount might be even higher, prosecution hints

A bookkeeper and office administrator for a Langley plastic bottle and container manufacturer stole at least $2.2 million from her employer over the course of nearly a dozen years, a B.C. Supreme Court judge has ruled.

Grace Angela Palmer, 45, was sentenced to four-and-a-half years by Justice Murray B. Blok during an appearance in a New Westminster courtroom.

A transcript of the Feb. 22 hearing, published online, shows the company, Vision Plastics Inc. was alerted to accounting discrepancies during the course of some union negotiations at the business, which has 50 employees.

By checking Palmer’s records with an outside payroll company, the managers discovered she had altered her records to shift money into her personal bank account and redirected money to other parties including “her husband, her mother and her brother, or companies associated with them,” judge Block said.

She stole so much, the company lost money some years when it should have been in black.

“The company’s financial statements showed losses in each year from 2005 to 2012. Adding back the amounts (net of tax) taken by Ms. Palmer changes those results such that some years show a profit,” the judge said.

When suspicions were raised, Palmer hired a document shredding company to destroy paper records for almost two weeks before her employment was suspended. She was fired two weeks later.

Some of the shredded papers were later determined to be payroll documents.

The prosecutor indicated the total amount stolen might be more than the $2.2 million estimate because Palmer started working at Vision in 1996 but the records of the outside payroll service only go back to 2001 and bank records were only available from 2005.

READ ALSO: Controversial Langley condo developer fights extradition on U.S. fraud charge

In his victim impact statement, company founder Tom Simmons wrote of his profound sense of betrayal and said he had “countless sleepless nights.”

He also said the financial struggles of the company delayed his plans for retirement, and it meant another employee, the general manager of the company, had to take on an overwhelming workload.

Court was told that Palmer, a Langley resident, had no criminal history, no prior psychiatric history, and has never had any psychological treatment before the thefts were uncovered.

In June 2013, the judgment states Palmer attempted suicide by drinking antifreeze. She was hospitalized for six days.

Palmer pleaded guilty to one count of fraud over $5,000, and in court, apologized to Simmons and to Vision Plastics and said she deeply regrets her actions and the pain she has caused.

It is not clear where all the money went, the court was told.

“Some went to support a failing business run by her brother and a lot went into personal purchases,” the judge noted.

“It was not spent on such things as addictions or gambling. The upshot, however, is that all the money is gone.”

The judge sentenced Palmer to four-and-a-half years in jail, citing as aggravating factors “ the number of fraudulent transactions carried out and the deliberate and at least moderately complex steps needed both to carry them out and to conceal them,” the fact she took steps to destroy records and the betrayal of trust.

As well, Blok cited “the absence of any attempt at restitution or any reasonable explanation about where the monies went.

“It is also not clear to me that Ms. Palmer is genuinely remorseful for her criminal actions” the judge said.

“What stands out in this case is the magnitude of the sums taken, the sheer volume of fraudulent transactions, and the extraordinary length of time over which Ms. Palmer misappropriated funds belonging to her employer. And all of that motivated by greed.”

In addition to her jail sentence of four and a half years, Palmer was ordered to repay the stolen money.

Like us on Facebook and follow us on Twitter.

Just Posted

Number of SD62 kindergarten registrations about same as last year

Approximately 850 kindergarten registrations for 2019/2020 school year

28 years later: Dunahee disappearance remains largest investigation in Victoria police history

The four-year old Victoria boy went missing without a trace on March 24, 1991

City of Langford mails out information on sewer connection requirement

Plan lays out obligations, exemptions and financial assistance information for the costly hookup

Update: BC Transit driver taken to hospital with serious injuries after assault

Driver attempted to stop an altercation between two people on the bus

Protective human chain forms around Victoria mosque for Friday prayer

Islanders stand arm-in-arm to show support in aftermath of New Zealand shootings

‘Families torn apart:’ Truck driver in fatal Broncos crash gets 8-year sentence

Judge Inez Cardinal told court in Melfort, Sask., that Sidhu’s remorse and guilty plea were mitigating factors

Vancouver Island motorists attempted CPR on victim in fatal Highway 4 crash

Collision took place west of Whiskey Creek; man in his 70s died

POLL: When do you think the next major earthquake will hit Vancouver Island?

According to seismologists, Vancouver Island is overdue for a magnitude 7 earthquake.… Continue reading

Greater Victoria Wanted List for the week of March 19

Greater Victoria Crime Stoppers is seeking the public’s help in locating the… Continue reading

WestJet sticking with Boeing 737 Max once planes certified to fly

WestJet had expected to add two more of the planes this year to increase its fleet to 13

B.C. driver caught going 207 km/h on motorcycle along Okanagan Highway

A motorcyclist was caught by Kelowna RCMP going 207 km/h on Highway 97C

Motorcyclist dies after three-vehicle crash on old Island Highway

Accident happened at 12:15 p.m. Friday near Country Club Centre in Nanaimo

B.C. fire department offers tips to keep your home safe during wildfire season

With wildfire season getting closer, the Penticton Fire Dept. offer tips to keep your home safe

Most Read