A 7-year fraud scheme cost a local business $7 million in Florida, and three people were arrested. Following a lengthy and complex investigation, detectives with the St. Lucie County Sheriff’s Office made the three simultaneous arrests last month in connection with the alleged financial fraud scheme involving a local business.
The investigation revealed that over a seven-year period, 43-year-old Laura Beth Grasso, of Fort Pierce, who served as a bookkeeper and comptroller for the business, allegedly used her position of trust and unsupervised administrative access to facilitate a scheme resulting in the loss of nearly $7 million.
Detectives allege that Grasso bypassed established accounts payable procedures to initiate millions of dollars in unauthorized manual wire transfers from the business’s bank accounts to unintended third parties…