POINT LOMA, Calif. (FOX 5/KUSI) — A woman from Point Loma pleaded guilty in federal court last Thursday, admitting she embezzled more than $8.5 million from her employer and spent a portion of the stolen funds on luxuries and high-end fashion.
According to a press release from the Department of Justice, Ping “Jenny” Gao, 55, embezzled the funds from her employer by draining four bank accounts belonging to his U.S. companies.
In her plea agreement, Goa admitted to funneling company funds into fraudulent accounts she created. She reportedly used the stolen funds on lavish shopping sprees at high-end fashion retailers and also purchased a $160,000 Porsche and a $2.9 million home overlooking San Diego Bay.
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When the employer discovered the stolen funds, he attempted to sue Gao in San Diego Superior Court, during which she falsely claimed that the person suing her was an imposter and that the real owner of the company in China authorized her actions…