The Ticker

Written By Unknown on Sabtu, 04 Oktober 2014 | 18.38

Woman charged in $1.7M theft from job

A grand jury has indicted a North Andover woman on larceny and other charges for allegedly stealing more than $1.7 million from her employer and using the money for vacations, luxury vehicles and furniture.

Authorities allege that while the office manager for Diamond Ironworks from 2007 until 2012, 44-year-old Dorothy Giard used company funds to pay personal credit card bills and stole through unauthorized charges to corporate credit cards, then falsified company records to cover her tracks. Diamond Ironworks is a steel fabricator in Lawrence. Authorities say she spent more than $114,000 in air travel to destinations including Las Vegas and London; $20,000 toward a Lincoln and a Mercedes Benz; $20,000 in spa services; and $13,000 in designer products.

Best Buy to close Fenway store

Consumer electronics chain Best Buy will shutter its 12-year-old Boston store at the Landmark Center in the Fenway neighborhood after the end of business Nov. 1.

The Minnesota-based company is taking advantage of an opportunity from landlord Samuels and Associates to terminate its lease early without penalty, according to Best Buy spokesman Jeff Shelman.

"It's been a challenging location for us," Shelman said. "There's some logistical challenges with the store, the biggest of which is the loading dock is about a quarter of a mile from the actual store."

Samuels did not give a reason for allowing Best Buy to vacate early, according to Shelman, but the Boston real estate development company is slated to start construction on the $650 million redevelopment of Landmark Center next summer. A Samuels spokeswoman declined comment on plans for Best Buy's approximately 30,000 square feet of space.

Oil spill area to be restored

Shellfishing areas will be restored and recreational activities will be enhanced under the second round of remediation projects to clean up the Massachusetts and Rhode Island shorelines damaged in a 2003 oil spill in Buzzards Bay, state and federal environmental officials said yesterday.

The nearly $4.3 million plan includes the restoration of shoreline resources, including tidal marshes and beaches; aquatic resources, including lobster, shellfish and fin fishing habitats; and recreational resources, including public access.

A barge owned by Bouchard Transportation Co. Inc. struck a rocky ledge at the mouth of Buzzards Bay in April 2003, spilling 98,000 gallons of oil. It polluted about 100 miles of the New England coastline, killing birds and closing shellfish beds. Bouchard reached a $6 million environmental settlement.

  • Baker Newman Noyes, one of the nation's top 125 accounting and consulting firms, announced that Mark A. Audi, CPA, left, has joined as principal-in-charge of the firm's Boston office. Prior to joining the firm, Audi served as assurance services senior manager at a Big 4 firm in Boston.

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