A Lodi bookkeeper was arrested Wednesday after police say she embezzled hundreds of thousands of dollars from a local glass company.
Cheryl Jacobson, 53, is accused of stealing more than $200,000 from Tokay Glass Co., according to Detective Michael Manetti of the Lodi Police Department. Police believe that Jacobson, an employee of a bookkeeping firm that worked with Tokay Glass for more than a decade, had been embezzling money since 2005.
Jacobson was arrested without incident in Stockton at 3 p.m. Wednesday, Manetti said, and was booked into Lodi City Jail on $250,000 bail. She remained in custody as of Thursday evening, according to the police department website.
The San Joaquin County District Attorney's Office is filing charges of grand theft and falsification of the books, according to Deputy District Attorney Stephen Taylor. If convicted, Jacobson could face up to five years in state prison.
Manetti said Tokay Glass, which builds window and sliding glass door replacements for homes and businesses, contacted the police department when a company check bounced. Police believe Jacobson was taking money by depositing checks from Tokay Glass into her own account, Manetti said.
Jacobson recently left her Lodi residence, leading police to believe she was possibly fleeing, Manetti said. He believes she knew about the investigation, since he had attempted to contact her multiple times recently.
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