Reprinted with permission from the Insurance Brokers Association of Alberta’s magazine – The Alberta Broker (January 2020)
Over a period of six years, Elaine Badry stole over $500,000 from her employer, Duraguard Fence Ltd. (“Duraguard”). Bit by bit, the ‘well-liked’ employee processed numerous fraudulent refund transactions into accounts that she held or controlled. When her employer discovered her scheme, Ms. Badry was charged and convicted with fraud. She was sentenced to three years in jail, and the Court ordered her to pay $250,000 in restitution.
In response to its loss, Duraguard started a lawsuit. In addition to naming Ms.