It was on the news that certain Welda Bacolod, 42 years old and a mother of four, is now languishing at the Emu Plains Correctional Centre after District Court Judge Peter Berman found her guilty of embezzling $1.7 million Australian dollars (about 70 million pesos) from the Swiss Hotel. She’s been sentenced to a non-parole period of three years with a head sentence of five years.
Welda as an employee of the sales department in Swiss Hotel was entitled to staff discounts on guest rooms, food and services. She was famous among Filipinos in
Reports said that Welda used the money to buy properties like her palatial house in Muabual,
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