Sacramento Bookkeeper Arrested on Grand Theft, Embezzlement
Released: January 29, 2009
A South Sacramento woman was arrested today by Sacramento County Sheriffs on felony charges of grand theft and embezzlement, the Franchise Tax Board (FTB) announced.
Penny Blackburn, 44, a bookkeeper for a local construction company, was arrested without incident during a search of her home by Sacramento County sheriffs and FTB agents. Between 2004 – 2008, Blackburn allegedly embezzled more than $250,000 from her employer. FTB agents are participating in the investigation because of potential criminal income tax related violations. All income is taxable including income from illegal sources.
The underreporting of income is part of the $6.5 billion tax gap California faces. The tax gap is defined as the difference between the tax that is owed and the tax that is paid.
Blackburn was booked into the Sacramento County Jail and bail is set at $200,000. An arraignment date has not been set.
Sacramento County Deputy District Attorney Alan Hengel is prosecuting the case. This is a joint investigation between the Sacramento County District Attorney’s Office, the Sacramento County Sheriff’s and FTB.