LOS ANGELES (Hypebot) – We've been covering this story since 2014, and now its finally come to a end. Former Warner Music executive and Obama fundraiser Danielle Smith has pleaded guilty to embezzling more than $1 million from the record label.
Former WMG executive Danielle Smith, 47, admitted to grand-larceny in a Manhattan courtroom this week, agreeing to pay $500,000 in restitution. Smith had been an exec in the urban music department of Atlantic Records in Los Angeles.
She allegedly booked non-business related trips and "luxury goods" on her company credit card totaling $1.3 million between 2007 and 2011. In 2014, she turned herself in at the Manhattan District Attorney’s Office and was arraigned on charges of first-degree grand larceny and pleaded not guilty.
During the 2012 election, Smith was a top Obama fundraising bundler attracting between $200,000 and $500,000 to the campaign. She is back in New York court on Wednesday morning.