Prison Sentence in Financial Crime Case

Yulia Yugay has been adjudicated guilty of Organized Fraud and Criminal Use of Personal Identification Information for financial crimes involving a luxury fashion store in Naples.

She was sentenced to 5 years in prison, as a minimum mandatory sentence, followed by 20 years of probation, and ordered to pay $492,303.27 in restitution. 

In September of 2018, Yugay was the Chief Operations Officer for the store. During a review of an accounts receivable ledger, it was uncovered that Yugay had created a fraudulent house account for a customer she had a working business relationship with.

Between 2016 and 2018, Yugay took merchandise valued at $317,807.00 and charged the fraudulent account $625,021.00 to cover her thefts. In addition to the fraudulent sales to the house account, Yugay received unearned sales commissions and bonuses, took cash deposits, and misappropriated accounts receivable from another business, which held merchandise on consignment for the store.

The case was investigated by the Naples Police Department and prosecuted by State Attorney’s Office Economic Crimes Unit Assistant State Attorneys Jessica Horowitz and Connor Boe.

Samantha Syoen – Communications Director, State Attorney’s Office