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Barnstead woman charged with embezzlement

December 11, 2009
CONCORD — A Center Barnstead woman was arraigned in Concord District Court last week on charges of embezzling more than $375,000 from her former employer.

Police arrested 38-year-old Nicole O'Mara of Holmes Road on Dec. 9, following a lengthy investigation that began in mid-August with a phone call from a source inside Helms & Co. (a health care consulting and management firm located on Pillsbury Street in Concord).

According to information released by the Concord Police Department last week, the unnamed source contacted them to report suspicions that O'Mara (who was fired on Aug. 6 for performance-related reasons) had been stealing from the company.

Police claim they discovered through their investigation that O'Mara, who was hired through a temporary employment agency as a receptionist in January of 2002 and eventually worked her way up the ranks to become the company's senior financial analyst, allegedly used fraudulent checks, company credit cards, and electronic fund transfers to embezzle nearly $375,000 from Helm's & Co. and its partners.

Company officials, whom police described as fully cooperative during the investigation, said last week that none of Helms & Co.'s client accounts were affected, as O'Mara did not have access to them.

The company also expects to be reimbursed for most of its losses through insurance.

O'Mara faces two counts of embezzlement, one count of theft by deception, and three counts of fraudulent use of a credit card. She was released on $500,000 personal recognizance bail last week, pending her arraignment on Dec. 10.

Brendan Berube can be reached at 569-3126 or bberube@salmonpress.com

Tilton School
Martin Lord Osman
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