beaufort — A woman wanted by the Carteret County Sheriff’s Department for embezzling about $1 million was taken into custody without incident about 1:40 p.m. Friday at an undisclosed location in Morehead City.
Elizabeth Jeannette Josey, 50, of Grantsboro in Pamlico County, is charged with two counts of felony embezzlement and is accused of embezzling from five corporations owned by James Gillikin of Beaufort. She remains in the Carteret County jail under a $350,000 bond pending her first court appearance scheduled for Monday.
Authorities issued warrants Tuesday for Mrs. Josey’s arrest in what authorities called one of the largest embezzlement cases ever investigated by detectives here. Her name and description had been entered into a Federal Bureau of Investigation database as a wanted person.
According to Capt. Jason Wank, Mrs. Josey, worked for Mr. Gillikin for the past 17 years and allegedly embezzled money from legitimate payees into the corporations’ general accounts and converted them to her own use to pay off loans, debts, obtain property, pay insurance and finance exotic trips and vacations, to name a few ways she allegedly spent the money.
Capt. Wank said detectives John Guerry and Phillip Morris reviewed more than 8,000 checks and thousands of corporate documents during the last four months.
“Detectives Guerry and Morris have worked on this case tirelessly,” said Capt. Wank in a written statement.
During their investigation, detectives also discovered corporate checks were marked with a counterfeit office stamp using the name of one of the five corporations and Mrs. Josey’s personal account number, resulting in the checks being routed into her account.