From Sfgate · · 40s
El Dorado Hills woman pleads guilty to $18M theft
Lizbeth Guadalupe Sherman admitted stealing $18 million from her Bay Area boss over a decade.
In brief
Lizbeth Guadalupe Sherman admitted stealing $18 million from her Bay Area boss over a decade. Lizbeth Guadalupe Sherman, 47, pleaded guilty to stealing $18 million from her Bay Area venture capitalist boss over a decade. Originally reported by Sfgate.
Lizbeth Guadalupe Sherman
A California woman pleaded guilty to stealing $18 million from her Bay Area venture capitalist boss.
Decade-long theft scheme
Sherman used her access to her boss's credit card and bank account to fund extravagant expenses from 2015 to 2025.
Sentencing and restitution
Sherman faces up to 20 years in prison and a $250,000 fine, but must pay $18 million in restitution to her former employer.
What to remember
Lizbeth Guadalupe Sherman, 47, pleaded guilty to stealing $18 million from her Bay Area venture capitalist boss over a decade.
