India, Nov. 5 -- A California woman has pleaded guilty to stealing nearly $18 million from her employer over a decade to fund her lavish lifestyle. Lizbeth Sherman blew the money on private jet trips, designer handbags, Rolex watches and pricey house renovations, according to the US Attorney's Office for the Eastern District of California.

The 47-year-old from El Dorado Hills pleaded guilty on Monday to federal wire fraud charges.

In 2015, Lizbeth Sherman started working as an executive assistant to a retired Bay Area venture capitalist. She had access to her employer's bank account to pay their credit card bills.

Over the next 10 years, she systematically stole millions of dollars from the bank account to fund her own extravagant life...