Woman Embezzles Over $330K From Company - NECN


The latest news from around the state

Woman Embezzles Over $330K From Company

Jody Flynn pleaded guilty in August to a felony theft charge



    Clear the Air
    Getty Images

    A Portland woman has been sentenced to nine months in prison for embezzling more than $330,000 from a Chinese company that planned to invest in a Baileyville paper mill.

    Jody Flynn was also sentenced to three years of probation, ordered to perform 500 hours of community service, and to pay full restitution.

    The 61-year-old Flynn pleaded guilty in August to a felony theft charge.

    Prosecutors say Flynn formed Greentree Renewable Energy Inc. to facilitate the mill's sale.

    Authorities say she took a $500,000 investment and spent most of the money in 2009 and 2010 on her daughter's college tuition, a car, and jewelry.

    The mill's owner later decided not to sell, and the Chinese company asked that most of the investment be returned.

    Flynn claimed the money was a loan.

    For up-to-the-minute news and weather, be sure to follow us on Twitter and like us on Facebook. Sign up for our new breaking news email alerts by clicking here and download our free apps here.