CrimeDivas

Female White-Collar Crime Divas-Mordern Day Thieves

Living the good life off of $42 Million Ponzi Scheme!

atruck     Only a few weeks back, I posted a company dealing in freight transactions, here we are again with a case where the fraud is far higher. What’s amazing is I see why it’s so easy to prosecute these crimes. The pattern of behavior is so predictable, once the crime is revealed all you have to do is follow the paper trail and now days it’s the digital trail.

Today we have one of those rare super divas, Shirley Sooy, 63, of Fort Smith, Ark. [I’m telling you there’s something about baby boomers and greed].

According to records, from 2003 through 2013, Ms. Sooy,  operated several companies under the umbrella of the “TransVantage Group,” an audited freight billing company, which paid common carriers and freight forwarders for its victim companies. TransVantage was obligated to pay the audited and approved freight bills to the carriers from funds provided by those companies, and the funds were supposed to be held in trust by TransVantage until paid over to the carriers. The victim companies also paid TransVantage for its purported auditing services, payments separate and apart from the carrier payment funds.

Ms. Sooy allegedly operated TransVantage as a Ponzi scheme, which resulted in more than $42 million in losses to the victim companies. Ms. Sooy commingled the funds from the victim companies – funds that were to have been paid to carriers – into two accounts and then misused those funds in various ways. They paid prior, unpaid carrier bills of particular victim companies using funds provided by other, unrelated victim companies; they funded TransVantage’s payroll obligations and they funded the obligations of various TransVantage subsidiaries. [When you start rolling in tens of millions you are truly deep into greed. Unfortunately, she will be living her golden years in prison.]

She allegedly used the money to make mortgage payment on properties in New Jersey and Palm Beach Gardens, Fla. The stolen money was also used to buy a 48-foot yacht, a $135,000 Maserati and to pay off credit card charges for herself and family members, authorities allege.

Do you like reading true crime stories? W.I.T. – which stands for Women In Trouble is all about that. Read the part of these women stories that you will never know about from reading a news article, or a quick reporters story of the moment. Start with, ‘Password,” an attorney tell of her younger foolish years that nearly ruined her life. Click here to read an excerpt. Or go to Amazon.com and download it today.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

CrimeDiva’s T-Shirt

Stopping White-Collar Crime

Check-pointDecember 31st, 2016
We can all make a difference - share this blog site with others!

Crime,Women Health, News, Prison, Law, Books,Events,President,Love,Celebrities,gossip,fraud,security,fraud, mail fraud, wire fraud,politics,

LC DeVine

(570) 995-1551
Please leave a message!

What Are Those Crime Divas Up To?

Top Clicks

Come Tweet

Top Posts & Pages

Fighting white-collar crime through education, prevention and healing

%d bloggers like this: