For release on February 29, 2012  

CONTACT PERSON:
Christine Garcia-Sen, Deputy District Attorney
Major Fraud Unit
(408)792-2724

FORMER EMPLOYEE PLEADS NO CONTEST TO EMBEZZLING OVER $174,000 FROM ANALOG DEVICES

On February 28, 2012, 44 year-old Glory Jane Truong, of Antioch, entered a no contest plea in Santa Clara County Superior Court to felony grand theft. Truong embezzled more than $174,000 from her San Jose office at Analog Devices over a period of two years. Truong’s scheme primarily involved submitting fraudulent invoices for reimbursement.

Truong’s scheme was discovered during a routine review of monthly expenses during which the controller noticed an unusually large reimbursement claim for the purchase of calendars. The controller became suspicious and began researching other reimbursement requests, which ultimately led to the discovery of an ongoing scheme to defraud Analog Devices.

The company had internal controls to prevent theft but Ms. Truong was able to circumvent them when her manager provided her with his login password, enabling her to approve her own reimbursement requests.

"No matter how well liked an employee is, this type of misplaced trust will often lead to these types of crimes," said Deputy District Attorney Christine Garcia-Sen of the Major Fraud Unit.

As part of a plea agreement, Truong will be sentenced to 16 months in incarceration and she will be ordered to pay full restitution to the victim.

The District Attorney’s Office acknowledges the investigation of Detective Brent McKim of the San Jose Police Department Financial Crimes Unit.

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