Vestas Theft Case Sends Shockwaves Through Community

WINDSOR, Colo. (CBS4) – Neighbors of an Eaton woman who is a suspect in a large embezzlement case weren’t in a very forgiving mood following news of her arrest.

vestas mug Vestas Theft Case Sends Shockwaves Through Community

Denna Randall Martinez (credit: Weld County Sheriff)

Denna Randall Martinez, 44, is charged with stealing more than $2 million from the wind turbine company Vestas.

A warrant for Martinez went out last week after an investigation that lasted about four months.

“I’ve seen a lot of unusual cases in my tenure here, but that’s certainly the largest amount of money that I remember in a theft case,” Windsor Police Chief John Michaels told CBS4.

Martinez, who worked as the finance director of the company’s Windsor plant, forged the signature of her boss on a $50,000 check and used that money to buy a Ford pickup, according to the arrest affadavit. She also reportedly used stolen Vestas money to buy her home in Eaton, which is valued at $775,000.

Jill Martin, a neighbor, told CBS4 she grew to know Martinez and her husband well.

“They seemed well kept. (They appeared to) have a lot of money and were very nice people,” Martin said.

In addition to the truck and the home, Martinez allegedly used the stolen money to spend $120,000 on home improvements and used $60,000 to obtain adjoining property.

There were also elaborate vacations, money spent on furniture and mortgage payments.

“They had a BMW, a big truck, an SUV. They had taken trips. They had done all this beautiful yard work to this big house and one day they just left,” neighbor Jill Martin said.

Martin says Martinez left in December, the same month she was fired by Vestas. Police say she embezzeled a total of $2.1 million over a 3 year period, and that $400,000 might have been also diverted.

Another neighbor in Eaton, Marsha Schmidtke, told CBS4 she thinks Martinez deserves jail time if she is convicted.

“I felt bad for her family, but not for her,” Schmidtke said.

Marinez faces two felony counts of forgery and theft. If found guilty she faces as much as 12 years in prison and a $750,000 fine.


One Comment

  1. mik says:

    to bad I wasnt on their xmas list

  2. jb80538 says:

    sounds to me like Vestas should be given the house, truck and order her to pay further restitution to the sum of $2.1 million.
    I mean what was said on the news last night, $750,000 fine plus jail time max.

  3. happyday says:

    Her husband may have been a party to this scheme or he was too stupid to press her to find out where all this money was coming from. If my spouse were a finance manager and spent like that, I believe I would have sense enough to question where all the money was coming from. The book needs to be thrown at these types in order to possibly deter other criminals.

  4. arubatom says:

    Sounds like very poor internal controls at the company allowed her to get away with this for a period of time….definitely she should get jail time and pay restitution….no more slaps on the wrist for some of this white collar crime, especially with the amount of money involved in this case.

  5. sham says:

    has the husband been charged with anything?? to me, he is just as guilty!!!

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