Foundations lose $1.4m to embezzler

While working for an accounting company, a Westport woman embezzled nearly $1.4 million from three charitable foundations, making out checks on their accounts to Groundhog L.L.C., which she controlled.

Soozi Folsom, 54, faces a December sentencing and is eligible for up to 30 years in prison and a $2.7 million fine.

According to the office of U.S. Attorney David Fein, Folsom forged signatures on nearly 125 checks in all, covering up the fraud by manipulating transactions in the accounting software systems that handled the foundations’ bookkeeping.

Folsom’s LinkedIn account lists Allison & Godfrey in Westport as her most recent employer.