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Old 02-02-2003, 10:50 PM
Louis Cypher Louis Cypher is offline
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Default Gambling blamed in embezzlement charge


Sandra Kay Olson

February 2, 2003

JEFFERSONVILLE, Ind. -- A Kentucky woman accused of stealing $180,000 from an employer to fuel her gambling habit has been charged with stealing thousands more from a second employer.

Sandra Kay Olson, 61, of Radcliff, Ky., was indicted last week on bank fraud charges by a federal grand jury in Indianapolis.

She is accused of taking $129,000 from the Brinly-Hardy Co., a Jeffersonville company that makes lawn-care equipment.

Investigators believe those thefts took place even as police were investigating her alleged theft of $180,000 from a Louisville, Ky., company, Russell Printing Inc.

Olson is being held in the Jefferson County, Ky., jail, awaiting a May 20 trial on charges she embezzled the $180,000 from Russell Printing.

The federal charges allege that, while working as an accounting clerk at Brinly-Hardy, Olson prepared "numerous" unauthorized checks drawn on a company bank account, which she made payable to herself and forged signatures.

Olson worked at Brinly-Hardy from January 2001 until mid-June 2002, according the U.S. attorney's office in Indianapolis. If convicted, Olson faces a maximum prison sentence of 30 years.

A message seeking comment was left Sunday at the office of Olson's attorney, Andrew Steere of Louisville.

Olson's daughter, Kim Marcum, said during a December court hearing that her mother had gambled heavily at the nearby Caesars Indiana riverboat.

Todd Lewis, a Kentucky prosecutor involved in the case, said he obtained court records from Caesars verifying that Olson spent tens of thousands of dollars at slot machines.
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