What did Texas woman do with the money she embezzled?

The mystery isn't whether Susan Gail Ray stole millions of dollars from her employers. It's where $4.8 million of it is now. Is it in a bank account somewhere, or did she spend it on prize horses?

What is clear is that from October 2002 through January 2007, Ray, now 52, used her position as controller at the posh Gasparilla Inn in Boca Grande, Fla., to steal more than $6 million from the owners — well-known family friends of President George H.W. Bush.

She used at least some of that money to build her Dream Cross Ranch near Boonsville in southwest Wise County, as well as to purchase other properties in Texas and Florida. But, in adding up her assets, federal prosecutors found themselves short $4.8 million.

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