Plea Deal Declined, Trial Scheduled

A local woman accused of embezzling $1.6 million from her San
Jose employer opted not to settle in court Wednesday.
Michelle Martinez, former owner of Got Memories? scrapbooking
store, is charged with six felony counts, including five for grand
theft and one for identity theft. She faces up to 13 years in state
prison if convicted.
Gilroy – A local woman accused of embezzling $1.6 million from her San Jose employer opted not to settle in court Wednesday.

Michelle Martinez, former owner of Got Memories? scrapbooking store, is charged with six felony counts, including five for grand theft and one for identity theft. She faces up to 13 years in state prison if convicted.

Her husband, Oscar Fragoso is also charged with grand theft.

“I thought they were going to settle,” said Deputy District Attorney Dale Lohman of the Major Fraud Unit. “I think it sounds like Mr. Fragoso is the hold up.”

While Lohman could not disclose the terms of the settlement, she was surprised they did not accept.

Martinez is accused of embezzling the money over a four year period starting as early as Jan. 2001.

Martinez purchased a 2005 BMW 545 sedan, a 2004 Hummer, a single family residence in Gilroy, numerous round-trip airplane tickets, as well as opening Got Memories in 2002, while employed as an executive assistant at Pacific States Industries.

Following her arrest, the victim received the title to Martinez’ car, home and store in May.

The preliminary hearing begins Dec. 15 at Santa Clara Superior Court in San Jose.

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