A local bookkeeper accused of embezzling money from a longtime Lodi business may have stolen more than $400,000, according to statements made in court Thursday.
Cheryl Jacobson, 53, was arrested Jan. 26 for allegedly embezzling money from Tokay Glass company since 2005. She appeared in court Thursday for arraignment, where Deputy District Attorney Stephen Taylor said she may have taken more than $300,000 in cash alone.
Taylor said Jacobson took about $140,000 in checks and a yet-to-be-determined amount of cash. Police believe she deposited checks from Tokay Glass into her personal bank account.
The arraignment was postponed at the defense's request until Feb. 24.
Superior Court Judge
Lauren Thomasson denied the defense's request to release
Jacobson on her own recognizance, acknowledging Taylor's concern that Jacobson was a flight risk. Jacobson had vacated her Lodi apartment and was staying with friends in Stockton shortly before her arrest, Taylor said. Additionally, she had sold her personal possessions at auction and was merely waiting for payment, he said.
Lodi police believed Jacobson might have been preparing to flee as well, according to Detective Michael Manetti. He had attempted to contact her multiple times during the investigation of the allegations, he said, without much success.
"She was playing hide-and-go-seek (with police)," Taylor said.
Jacobson remains in custody, and her bail is set at $250,000.
As an employee of a bookkeeping firm, Jacobson had worked with Tokay Glass for more than a decade. Tokay Glass became concerned when a company check bounced, and contacted police, Manetti said.
Contact reporter Fernando Gallo at firstname.lastname@example.org.