Bay Area/ Oakland/ Crime & Emergencies
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Published on February 28, 2024
Oakland Embezzlement Case Concludes, Yolanda Cheers Agrees to $330K Plea Deal with Alameda County DASource: Google Street View

Oakland's battle against embezzlement saw a significant victory as Alameda County District Attorney Pamela Price confirmed a plea deal resolution to the tune of $330,000 with defendant Yolanda Cheers, who had faced allegations of siphoning funds from her unsuspecting employers, according to the District Attorney's Office.

Cheers, who remarkably managed the finances for two businesses, made two unauthorized transfers from the National Equity Project's PayPal account to herself, totaling $4,000, was caught trying to secure an unauthorized loan in the name BMWL & Partners, not to mention the spree of unearned bonuses and irrational credit card expenses that included an indulgent $10,000 vineyard escapade her web of deceit gradually unraveling with each duplicitous transaction.

Following a diligent investigation, Cheers had the book thrown at her with a dozen felony charges, including six counts of Grand Theft by Embezzlement, three counts of Forgery, two counts of Identity Theft, and one count of Preparing False Documentary Evidence. Nonetheless, the long arm of the law caught up with her as she pleaded guilty to Felony Grand Theft by embezzlement as part of the plea agreement negotiated by Deputy District Attorney Larnell France.

"Embezzlement is a violation of trust and a serious threat to the survival of our local businesses," District Attorney Pamela Price stated, lauding Deputy District Attorney Larnell France for his swift and decisive litigation of a case, which she claims languished under her predecessor's administration after initially being charged over half a decade ago France, who joined the team in 2023, managed not only to bring closure to the prolonged legal saga but also to retrieve much-needed restitution for the affected businesses.

Yolanda Cheers provided two cashier’s checks on her plea date: one worth $329,000 for BMWL & Partners, another of $1,000 aimed at recompensing the National Equity Project—both businesses undoubtedly weathered substantial financial and emotional turmoil due to Cheers' illicit activities, but this settlement marks a small step toward their recovery and vindication.