HP Senior Vice President defrauds company of nearly $1 million dollars

San Diego, CA – Holli Dawn Coulman, who served as an executive to a Hewlett Packard (“HP”) Senior Vice President from 2008 to May 2012, admitted defrauding the company of nearly $1 million through a series of fraudulent employee reimbursements.

According to documents filed in federal court, Coulman fraudulently justified the payments of international trips, country club expenses, and high-end clothing purchases by falsely claiming them as legitimate business expenses.

Coulman began working at HP in San Diego in approximately June 2000, and served as an executive assistant.

In this position, she received a number of American Express corporate credit cards, which were to be used solely for authorized and approved business expenses. Coulman, however, used the credit cards to support an extravagant and luxurious lifestyle, including spending:

(1) in excess of $100,000 at the La Costa Resort Spa,

(2) more than $43,000 at the Lodge at Pebble Beach and Casa Palmero at Pebble Beach,

(3) thousands of dollars in airfare for trips to Hawaii and Europe,

(4) thousands of dollars purchasing items at the Apple Store,

(5) more than $33,000 in BTO Sports motocross gear, and

(6) thousands of dollars in charges to Neiman Marcus and Nordstroms.

In addition, Coulman admitted using the company credit cards to pay for more than $350,000 in expenses accrued by her brother’s custom painting business in Colorado.