Former Accountant Faces Century of Restitution Payments After Draining $472,896 From Utah Employer

A former accountant has been sentenced to jail and must make restitution payments after embezzling hundreds of thousands of dollars from her employer.

Utah resident and 25-year-old Laurel Llewellyn Gifford used her role as a senior regional accountant at a Salt Lake City asset management company to carry out roughly 100 unauthorized transfers totaling about $472,896 that started in November 2022 and came to light in October 2023, reports ABC4.

The case began in October 2023, when an employee of an asset management company contacted the Salt Lake City Police Department after discovering suspicious financial activity involving a former employee.

The investigation began after a company reported that it had not received payment for its services. When the asset management employee looked into the missing payment, he discovered that someone had created a duplicate profile using the company’s name but had directed the money to a different bank account.

The company determined that Gifford had used her employee login credentials and IP address to carry out the transactions.

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