A former High Point Regional Hospital employee pleaded guilty in federal court Tuesday to stealing more than $3 million from the hospital that she allegedly used to purchase Louis Vuitton products and luxury vehicles.
Kimberly Russell Hobson, 46, of Kernersville worked for the hospital’s accounting and finance department for more than 20 years. On Tuesday she pleaded guilty to felony charges of wire fraud, bank fraud and aggravated identity theft, in connection with embezzling more than $3 million from the hospital, according to the U.S. Department of Justice.
The plea agreement requires her to compensate the hospital for the stolen money. Hobson’s sentencing will be in Winston-Salem on May 2. She could face up to 32 years in prison.
Throughout her tenure at the hospital, Hobson eventually became the director of finance, WXII 12 reported, and stole the money between 2003 and 2017, using fraudulent pretenses.
Court documents said Hobson used the stolen money to buy a 2014 BMW and a 2013 Harley Davidson for her personal use and for her friends and family, according to the news report, and that she allegedly transferred money multiple times from one of the hospital’s subsidiary accounts to a Wells Fargo account.
Fox News reported she used some of the money to pay off credit cards and loans.
When she was arrested, she had multiple Louis Vuitton products in her possession—a purse, a pair of sunglasses, a wallet—and a pearl necklace.
Hobson is expected to forfeit the Louis Vuitton products, $3.8 million and the luxury vehicles, according to several news reports.
The hospital dismissed Hobson in August.