Daily Casefile · Verdict

The Ledger at Lockwood & Sons

≈ 6 min

Over an eight-month period, approximately $47,000 was siphoned from the Lockwood & Sons client escrow account through a series of small, irregular transfers. Forensic auditors traced the transfers to an internal terminal assigned exclusively to Raymond Holt. Holt denies any wrongdoing, claiming his credentials were stolen and used without his knowledge. The prosecution argues Holt used his privileged access and accounting expertise to conceal the thefts within routine entries. The jury must decide whether the evidence proves Holt made the transfers — or whether someone else used his credentials.