Photo: File photo
Photo: File photo

Accountant sentenced after stealing $1M from Atlanta-based company

An Atlanta accountant has been sentenced after pleading guilty in March to embezzling more than $1 million dollars from her employer.

Stantisha Kemp received two years in prison to be followed by three years of supervised release, the U.S. Attorney’s Office said in a statement Thursday. She was also ordered to pay $1,253,287 in restitution. 

Kemp served as a payroll and accounting manager of an Atlanta-based company that developed medical technology from 2007 to 2013, said U.S. Attorney Byung J. “BJay” Pak. During that time, Kemp embezzled the money by falsifying payroll records and telling a third-party payroll processing company to direct deposit funds into her personal bank accounts on a monthly basis. 

Kemp then created a fake employee — a doctor with the initials Y.H.J. — and instructed the payroll processing company to direct deposit Y.H.J.’s salary payments into her personal bank accounts. She concealed the scheme through fabricated internal records.

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The accountant had the fictional Y.H.J.’s salary deposited into her account from April 2010 to February 2013. 

“Kemp’s egregious misconduct threatened the financial soundness of her company when she stole over one million dollars,” said Pak. “Businesses should build in checks and balances in their accounting procedures that safeguard their assets from fraud.” 

The case was investigated by the FBI and prosecuted by Assistant U.S Attorney Kamal Ghali.

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