MINNEAPOLIS (KFGO) – An Eden Prairie woman has been sentenced to 2 years in prison, for embezzling more than $1 million from her employer.
According to court documents, Monica Svobodny, 52, worked as the Supply Chain and Engineering Manager at a furniture manufacturing company located in Edina, Minnesota. Over a seven-year period, Svobodny embezzled more than $1.1 million, using company credit cards for unauthorized personal expenses, including designer clothing, spa services, and luxury hotel stays. To cover her fraud, she left unapproved charges as “pending” for accounting purposes. On more than 300 occasions, she used company cards to transfer funds to herself via PayPal to cover personal expenses. Svobodny also altered PayPal transaction receipts and falsely listed some of the payments as expenses for a defunct company.
Svobodny pleaded guilty to wire fraud in April 2024. She was sentenced yesterday in the U.S. District Court to 24 months in prison, followed by two years of supervised release, and also ordered to pay $1,137,404 in restitution.
This case is the result of an investigation conducted by the Edina Police Department with assistance from the FBI.
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