Area woman held on $1M bond in embezzling case
by Noreen Cochran
February 09, 2013 12:00 AM | 9973 views | 3 3 comments | 18 18 recommendations | email to a friend | print
Sharron Yvonne Rice
Sharron Yvonne Rice
MARIETTA — Marietta resident Sharron Yvonne Rice, 43, is being held on a $1 million bond in the Cobb County jail for allegedly embezzling more than $737,000 from her employer.

She was arrested Wednesday by the Cobb County Sheriff’s Office.

According to the arrest warrant, Rice worked in the accounting department of Marietta-based DEL Development Corp., which manages apartment complexes in the area. She faces allegations of using her position at the company to siphon $737,414 into an account at Regions Bank.

She is accused of forging the signature of her boss, Donald Lippman, on 841 checks over a five-year period, hiding the amounts by coding them as expense items.

“The victim became aware of potential problems in August 2012,” according to Officer P.D. Chesney of the Cobb County Police Department, who signed the warrant before Magistrate Judge Nichole Hair. “However, the true amount and scope of the theft was not discovered until October 2012.”

Rice’s defense attorney, David S. West of Marietta, said his client ceased working at the apartment management company in August. She had worked there several years.

He would not comment on a possible connection between the date of “potential problems” cited in the warrant and Rice’s departure from the company.

“These allegations just materialized out of the blue,” he said.

West said his first priority is getting Rice’s bail lowered at a bond reduction hearing on Feb. 21.

“It’s a ridiculously high bond considering her age, her ties to the community and the fact she has been gainfully employed in a good profession,” he said. “It’s the kind of bond we normally only see in violent cases or one in which an individual has a criminal history.”

West would not say if this is Rice’s first offense.

Rice has not been arraigned yet, but West said she will plead not guilty.

According to the Cobb district attorney’s office, if convicted, Rice could face up to 20 years in prison.
Comments-icon Post a Comment
February 10, 2013
Gainfully employed, I`'ll say to the tune of 700,000! Why is the bond too high? I mean with interest she could have made 250k with no problem. But don't worry good ole get outta jail on a song judge Cox will just back door this one for 5k and she will walk, never having to pay restitution. Maybe the attorney is just scared his client will be sexually assaulted by jail supervisors or have to witness them having sex with one another (just threw up in my mouth a little).
February 25, 2013
ehdheh boy ignorance is bliss. I wish you'd vomit into your own mouth till ya drowned.exactly as what next said murderers and rapists get far lower bonds than a middle aged mother and cobb county taxpayer "accused" of embezzling money. But as for the horrors of incarceration listed above sounds like you might have some experience with that I'm just curious which end of that were you on.

It is the message provided by this type of bond that should be avoided. It clearly shows that we a civilised society can empathize more with the violence of rapists molesters and killers than with the actions of a thief. That pretty much dictates that if ever law and order be removed where things are going.
what next
February 10, 2013
People charged with murder have a cheaper bond than this person does. What is wrong with society someone stealing money gets a higher bond than someone who has taken a life. I guess money is more important than a life these days.
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