Businesswoman admits embezzling activities to police
The owner and operator of Grant Business Services, a Snowmass Village payroll services firm, is under investigation for allegedly embezzling $386,000 from an undisclosed number of local businesses, according to court documents.
Judy Grant, 62, of Grant Business Services, located at 5150 Owl Creek Rd., has confessed to several specific crimes related to the embezzlement scheme, according to an affidavit for a search warrant filed by Snowmass Village Police Officer Todd Haller. However, Grant has not been arrested nor is she charged with any crimes related to the scheme.
During an interview on Nov. 12 with authorities, Grant said her “dark secret,” referring to the embezzlement, began sometime in 1996, according to Haller’s report.
“Judy Grant admitted to customers of GBS that she `stole the money,’ ” Haller’s report said. In addition, Grant told authorities that she has provided the affected customers “with account information revealing the amount of money misappropriated that should have been paid to federal withholding, state withholding, federal unemployment and Medicare.”
The total sum is $386,000, Grant told authorities – the result of her failing to pay federal and state taxes, as well as the late penalties imposed against the businesses.
Based on the Nov. 12 interview with Grant, and information gleaned from several business owners affected by Grant’s scheme, Snowmass Village police obtained a warrant to search her business.
Police conducted a search of the GBS offices on Monday and seized 83 items, including computers, disks and paper files, said Art Smythe, Snowmass Village police chief.
Smythe said before any arrests are made, authorities must first establish that a crime has been committed.
“We seized a significant amount of information in the search, and it’ll take us some time to go through it,” he said. “I don’t expect the district attorney’s office to file any charges until we’ve sorted through it all.”
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