The case of the embezzling of funds from Trident Seafoods in Kodiak continues to play out as two more of the defendants are sentenced this week in court.
35-year-old Corpus Christi resident Valerie Olivaris was sentenced today in U.S. District Court as was 31-year-old Jeremy Smith of Kodiak.
Both were sentenced by Chief U.S. District Court Judge Ralph Beistline. Olivaris was sentenced to 8 months in prison, and Smith was sentenced to 28 months in prison for their roles in the embezzlement of over $500,000 from the Kodiak seafood processing plant.
|
It was during the period between January 2008 until August of 2010, that the lead defendant Isairis Wolfe used her check-writing authority at the seafood plant to issue checks to her co-conspirators in the scheme. She wrote out approximately 52 checks to Anne Wilson, Jeremy Smith, Valerie Olivaris, and Jamie Fathke. Her associates cashed the checks and shared half of the proceeds with Wolfe.
Olivaris played a hand in the cashing of $45,000 worth of checks issued by Wolfe. Smith took part in cashing as much as 16 fraudulent checks worth $128,000.
The scheme did not come to an end until Wolfe was fired from Trident for performance-related reasons. It was then that a review of the books and records was done and the massive check-writing scheme was uncovered.
Olivaris and Smith are the third and fourrth defendants sentenced thus far in the case. Earlier this year, in January, Jamie Fathke was sentenced to four months in jail for helping Wolfe embezzle $30,000. Two months later, in March, Anne Wilson was sentenced to 16 months for the part she played in the embezzlement of $289,000.
The leader of the scheme, Isairis Wolfe, is due to be sentenced on the 11th of June.