Employee guilty of stealing nearly $450,000

Magistrate orders victim impact statement

An accounts manager pleaded guilty in Summary Court on Tuesday to the theft of $448,447.54 from her employer, Progressive Distributors Ltd. 

Coleen Renee Holness, 42, was accused of dishonestly appropriating the money between July 3, 2008 and Sept. 4, 2014, while employed as manager of accounts receivable, with intent to permanently deprive Progressive of the money. 

The defendant, a resident of George Town, was represented by attorney Laurence Aiolfi. The matter first came to court on April 28. She has been on bail since then, and bail was extended until Oct. 29, when it was set for mention for sentence. 

Meanwhile, Magistrate Valdis Foldats ordered a social inquiry report on the defendant’s background and a victim impact statement that will set out the perspective of the complainant.