Tri-Pen Management founder, president and CFO Victoria Wofford relinquished her "day-to-day responsibilities" at the company after pleading guilty Wednesday to felony grand larceny

. Wofford admitted to pocketing $17 million out of what prosecutors in a New York Supreme court case said was $35 million in fraudulent charges on a client's American Express account. The indictment also includes counts of forgery, identity theft and fraud. "No other employee of either Tri-Pen Management or TravelMaster Technologies has been implicated in any way, and it is our understanding that whatever Ms. Wofford may have done, she was acting completely on her own," according to a company statement. "Both Tri-Pen Management and TravelMaster Technologies are working closely with clients to ensure the seamless day to day servicing of their business."