Crime Time

Prosecutors: Woman embezzled $6 million for life of luxury

Prosecutors in Harris County say that an accounts clerk at a Houston-area window coverings company spent nearly $6 million that they say she embezzled from her employer.

She may have cost many of her co-workers their jobs, prosecutors said.

Marcia Sinclair is accused of depositing checks meant for the company into her own account. Prosecutors said she had a $250,000 tab with Neiman Marcus and more than $100,000 at a furniture store. She shopped for clothes in London and had 61 of pairs of designer sunglasses, they said.

Sinclair worked for Gulf Coast Window Covering for 16 years.

She's in custody under a $12 million bond, officials said.

-- Lance Murray

Following the money leads to Wise County ranch

The mystery isn't whether Susan Gail Ray stole millions of dollars from her employers.

It's where $4.8 million of it is now. What is known is that from October 2002 through January 2007, Ray, now 52, (right) used her position as controller at the posh Gasparilla Inn in Boca Grande, Fla., to steal more than $6 million from the owners -- well-known family friends of President George H.W. Bush. She used at least some of that money to build her Dream Cross Ranch near Boonsville in southwest Wise County, as well as to purchase other properties in Texas and Florida. Staff Writer Bryon Okada has been on the story; click here to read his report.

-- Bill Miller

Ex-Dallas councilman convicted of embezzlement

The Associated Press is reporting that a federal jury has convicted former Dallas City Councilman James Fantroy of embezzlement.

According to a release from U.S. Attorney Richard Roper, the jury deliberated for 20 minutes before reaching a verdict.

The charges stemmed from his handling of government grant money missing from Paul Quinn College community development fund, prosecutors said. Fantroy had been the treasurer of that fund.

He had denied any wrongdoing, but he now faces up to 10 years in prison and a $250,000 fine.

-- Lance Murray