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Former asset-management firm employee admits to fraud

August 2, 2018

CHICAGO (AP) — A former employee of a Chicago-based asset-management firm has pleaded guilty to mail fraud charges for using company funds to pay for personal expenses.

Kirstine Lazzara on Wednesday admitted stealing nearly $54,000 over nearly four years from Nuveen, an arm of the financial service group TIAA.

According to the charges, the 53-year-old Lazzara from 2012 to 2015 used a company credit card and the credit card information of other employees to buy goods and services for herself, her family and her friends.

Among the items she allegedly purchased were catering for birthday parties, paying off her son’s traffic tickets, paying for a car service for her daughter and purchasing gift cards to hair salons, restaurants and hotels.

U.S. District Judge Elaine Bucklo set sentencing for Oct. 24, for the former assistant to Nuveen’s CEO.

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