Police arrest Lisa Sterner, Former Allstate Employee

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Police arrest Lisa Sterner, Former Allstate Employee

Unread postby RatPak11 » Wed Nov 27, 2013 2:21 pm

http://www.journal-topics.com/news/arti ... f6878.html

Arlington Hts. Woman Allegedly Stole $600K
Posted: Wednesday, November 27, 2013 1:01 pm | Updated: 1:04 pm, Wed Nov 27, 2013.

A 51-year-old Arlington Hts. woman is accused of taking nearly $600,000 from her former employer, Allstate Insurance Company.

Lisa Sterner is charged with theft over $500,000 and money laundering. Cook County Sheriff’s Police took her into custody at her Arlington Hts. home.

Allstate in Northbrook contacted the Cook County Sheriff’s Office Financial Crimes Unit in March and reported that Sterner, a former payment annuity specialist, had taken money from the company for personal use, according to police.

An investigation allegedly revealed that from October 2007 to March 2013 Sterner diverted returned annuity checks electronically into an account under the name of Nicole Sterner. The total allegedly taken during that period was $597,039.22. The investigation also reportedly showed the funds were transferred using an Allstate computer system ID and password belonging to Sterner.

The returned payments were supposed to be deposited to an Allstate fund, according to a press release.

Allstate reportedly discovered the discrepancy earlier this year when a beneficiary contacted the company looking for a payment.

Sterner had worked for Allstate for more than 30 years. She was fired in March.

She was expected to make her initial court appearance yesterday (Wednesday).

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http://www.dailyherald.com/article/2013 ... 711279887/

Arlington Heights woman charged in $597,000 theft from Allstate
Article updated: 11/27/2013 9:55 AM

An Arlington Heights woman has been arrested by Cook County sheriff's police, who said in a news release that an investigation showed that she took nearly $600,000 from her former employer, Allstate Insurance Co.

Police arrested Lisa Sterner, 51, on Tuesday at her home on a $500,000 cash bond warrant for charges of theft over $500,000 and money laundering, according to the release.

The sheriff's Financial Crimes Unit was contacted in March by Allstate Insurance in Northbrook, which reported that Sterner, a former payment annuity specialist, had taken money from the company for personal use.

The investigation found that from October 2007 to March 2013, Sterner diverted returned annuity checks electronically into an account under the name of Nicole Sterner, the news release said. The total taken during that period was $597,038.22. The investigation also showed the funds were transferred using an Allstate computer system ID and password that belonged to Sterner.

The returned payments were supposed to be deposited to an Allstate fund.

Allstate discovered the discrepancy earlier this year when a beneficiary contacted the company looking for a payment. The company learned that the payment had been deposited into another account instead.

Sterner, who had worked for Allstate for more than 30 years, was terminated in March, the news release said.
RatPak11
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Re: Police arrest Lisa Sterner, Former Allstate Employee

Unread postby RatPak11 » Fri Nov 29, 2013 7:37 pm

Arlington Hts. woman charged in $597,000 Allstate theft
Article updated: 11/27/2013 5:31 PM
By Daily Herald report ..

An Arlington Heights woman charged with taking nearly $600,000 from her former employer, Allstate Insurance Co., is accused of spending the money on credit card payments, tattoos, bail for a family friend and child care for her grandchild, according to court records.

Cook County Sheriff's police arrested Lisa Sterner, 51, on Tuesday at her home on a $500,000 cash bond warrant for charges of theft over $500,000 and money laundering, according to the release.

Sterner appeared in a Chicago court Wednesday, where a judge set her bail at $25,000 cash.

The sheriff's Financial Crimes Unit was contacted in March by Allstate Insurance in Northbrook, which reported that Sterner, a former payment annuity specialist who worked for the company for more than 30 years, had taken money from the company for personal use.

The investigation found that from October 2007 to March 2013, Sterner diverted returned annuity checks electronically into an account under the name of Nicole Sterner, the news release said. The total taken during that period was $597,038.22.

The investigation also showed the funds were transferred using an Allstate computer system ID and password that belonged to Sterner. The returned payments were supposed to be deposited to an Allstate fund. Instead, court records show that Sterner used the majority of the missing money — $315,000 — to pay off her monthly credit card bills, with additional money spent at a tattoo parlor, used as bail money to the Cook County jail for a family friend, and to pay for child care for her grandchild.

Sterner was terminated in March. Between January 2007 and March 2013, she legitimately earned $307,000 from the company, the court documents state as a point of comparison.

Allstate discovered the discrepancy earlier this year when a beneficiary contacted the company looking for a payment. The company learned that the payment had been deposited into another account instead.

Sterner is expected back in court at 11:30 a.m. Tuesday, Dec. 3.
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