Jul 30, 2014
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Woman Charged with Embezzling $234,000 from Creve Coeur Business

The insurance underwriting firm said its clients were protected from the fraud.

Woman Charged with Embezzling $234,000 from Creve Coeur Business

A woman was Monday with embezzling $234,000 over three years from her former Creve Coeur-based employer.

Karen Page, 57, of Creve Coeur, was charged in St. Louis County Circuit Court with class B felony stealing from , 1023 Executive Parkway. The company is an insurance underwriting firm.

, Page deposited company funds into her personal checking account by forging her boss’ signature on checks. The thefts occurred over a period of time which began June 1, 2009.

Bond was set at $25,000. Page was freed after posting $2,500, 10 percent of the bond.

“Any client or policy holder of our office is always completely protected,” said Bob Berg, president of J. Berg & Associates. “This money was taken from the profits of our company, so our company owners were affected.”

Clients are all insured through other companies, Berg said, and added the company has been in business since 1952 and is solid financially.

“You have faith in someone to take care of things properly, and it hurts to the core when something like this happens,” Berg said.

Patch could not reach Page’s attorney for comment Thursday afternoon. The case next scheduled for a county court docket next month.

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