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California Woman Pleads Guilty to Stealing $18 Million From Her Employer
She used access to her employer’s accounts to fund luxury purchases, then resold designer items and made more than $450,000 online, prosecutors said.
- On Monday, Lizbeth Guadalupe Sherman of El Dorado Hills, California, pled guilty to wire fraud for stealing nearly $18 million from her retired Bay Area employer over a 10-year period.
- Working as an executive assistant, Sherman abused her access to the victim's credit cards to fund a lavish lifestyle that included private jet travel, resort-level vacations, and improvements to her $2 million residence.
- Law enforcement executed a search warrant at her residence in December 2025, recovering more than 1,500 designer items including four Rolex watches and four Birkin bags, some of which Sherman resold online to convert purchases into cash.
- When the victim confronted her in May 2025, Sherman claimed she would repay a $989,000 "loan," though court filings state she "created the false pretense" that she was paying legitimate expenses.
- U.S. District Judge William B. Shubb scheduled sentencing for March 22, 2027, where Sherman faces a maximum statutory penalty of 20 years in prison and a $250,000 fine.
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12 Articles
12 Articles
Woman steals $18 million from boss, spends it on Louis Vuitton bags, Rolex watches, private jet trips
A search of the woman’s home uncovered more than 1,500 luxury items, including designer handbags, Rolex watches and Christian Louboutin boots. She also earned over $450,000 by reselling some of the expensive products online over nine months.
·Mumbai, India
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Lizbeth Guadalupe Sherman, from El Dorado Hills, took advantage of having access to his boss' funds to pay personal expenses, buy properties and travel
·Los Angeles, United States
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Coverage Details
Total News Sources12
Leaning Left2Leaning Right4Center3Last UpdatedBias Distribution45% Right
Bias Distribution
- 45% of the sources lean Right
45% Right
L 22%
C 33%
R 45%
Factuality
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