Subscribe Register Login

Thursday, October 02, 2014, 7:48 a.m.
Top Picks - Capture Arkansas

Fort Smith woman named in $42 million indictment in N.J.

By The Associated Press

This article was published May 29, 2014 at 7:15 a.m.

A federal grand jury in New Jersey has indicted a Fort Smith woman over accusations she engineered the theft of $42 million in a Ponzi scheme centered on a payment, logistics and shipping business.

Prosecutors say 63-year-old Shirley Sooy turned herself in to authorities Wednesday to face charges of wire fraud conspiracy and other fraud-related charges.

Sooy is accused of running a scheme for 10 years in which a business called TransVantage Group contracted with corporate clients to pay audited freight bills. Sooy converted the cash to her own use, prosecutors say.

In a civil suit last year, Sooy denied fraud allegations.

Prosecutors say she used company money to pay mortgages, buy a Maserati sports car, a share in a yacht and other items for herself and family members.

Comments on: Fort Smith woman named in $42 million indictment in N.J.

To report abuse or misuse of this area please hit the "Suggest Removal" link in the comment to alert our online managers. Read our Terms of Use policy.

Subscribe Register Login

You must login to make comments.

TOP JOBS

  • Carriers

    carriers wanted monthly earnings of up to $1200 Delivering t...
    Little Rock, AR

  • Cna's

    ashley health and rehabilitation is accepting applications f...
    ROGERS, AR

  • Certified hvac technician at

    Oakwood Apts. in Jacksonville. Fax resumes to: 501-982-0743...
    JACKSONVILLE, AR

  • Concrete cutters

    concrete cutters - Exp. a + will train. Drug screen & good d...
    JACKSONVILLE, AR

  • Cdl drivers

    cdl driversno experience needed!Schneider National is the be...
    LITTLE ROCK, AR

Search 887 jobs >

Top Picks - Capture Arkansas
Arkansas Online