A regional manager who sold company-recycled old gold and attempted to balance accounts by "substituting new for old" has been prosecuted, with the case involving gold worth over 2.9 million yuan. Recently, the Songjiang District People's Procuratorate filed charges against this regional manager who abused his position for personal gain. After court proceedings, he was found guilty of embezzlement and sentenced to three years and ten months in prison, along with a fine of 100,000 yuan. Recovery of unreturned illegal proceeds will continue.

Chen He served as a regional manager for a chain gold shop brand. Starting from mid-2022, Chen He fell into the vortex of online gambling. As his losses mounted and the financial hole grew larger, the company's gold became his perceived "lifeline."

The gold shop offered trade-in services for old jewelry. Chen He would take out old gold, sell it for cash, then melt down new gold in stock to offset the inventory. This way, the weight of old gold submitted to the company showed no discrepancies, allowing him to pass company audits.

To conceal the shortage of new gold, Chen He would falsely record the melted jewelry as "transferred to other stores" before company inspections, thereby evading scrutiny and creating the illusion of complete inventory, forming a seemingly closed-loop operation.

It wasn't until January 2025, when a store conducted its month-end inventory, that they discovered the actual stock did not contain the physical goods that the system showed as transferred and warehoused. This situation was reported to company management. Following a comprehensive company investigation, Chen He's actions were finally exposed.

Upon review, Chen He, with the intent of illegal possession, utilized his position overseeing daily operational management of multiple regional stores to privately sell company gold, using the proceeds for gambling and other purposes. The total value of gold involved reached over 2.9 million yuan, constituting a substantial amount. On July 16, 2025, the Songjiang District People's Procuratorate filed charges against Chen He for suspected embezzlement.

Prosecutors reminded that employee embezzlement of company assets directly impacts business operations and interests, causing severe harm. Jewelry industry operators must sound the alarm, improve management mechanisms, strengthen risk prevention, perfect store transfer systems, scientifically plan store management responsibilities, and enhance daily supervision and inspection. When abnormalities are discovered, they should promptly report to public security authorities and cooperate with police to quickly secure relevant evidence, preventing further expansion of corporate economic losses.

(All names in the article are pseudonyms.)