ABC News reported earlier this week that police had a arrested 33-year-old woman on charges of embezzling over $1.6 million from the law firm at which she worked. Detectives traced the missing funds to the personal bank account of the woman arrested (a former employee of the law firm) [...]
Earlier this week the U.S. Attorney for the Southern District of New York announced the arrest of Dennis Dowd, former senior manager of human resources for Hitachi America, a New York and
California-based electronics manufacturer, in connection with a scheme to embezzle approximately $8 million.
Briefly, according to the complaint, Hitachi America [...]
According to a CNN report today, community organizing group ACORN has fired two board members, Karen Inman and Marcel Reid, it had asked to investigate allegations that the brother of ACORN's founder embezzled nearly $1 million from the group eight years ago. Inman responded that the termination will lead to a [...]
In a recent podcast published by the law firm of Pepper Hamilton, Maureen Dwyer, an attorney in the firm's Philadelphia office, and member of the firm’s Litigation and Dispute Resolution Department, was interviewed concerning the issue of employee theft. In the 9-minute interview, Dwyer provides recommendations for [...]
The forensic accounting firm of Rosenfarb Winters LLC has recently published a condensed version of its popular 3-part series on embezzlement detection and prevention by partner Stephen Linker.
After defining embezzlement, the newly published article discusses the three key factors that determine whether a person will commit fraud. [...]
As one of its top stories for 2007, the Carroll County Times, a Maryland newspaper, cited the case of Karen Ann Malinowski, a Maryland woman who is awaiting sentencing after pleading guilty in July to embezzling nearly $250,000 from an elderly resident, Lois Hundertmark, to whom she was providing care. [...]
The FBI announced earlier this month that Gary M. Aumann, a manager for American Airlines at O'Hare International Airport, was charged with embezzling more than $3 million from the airline to fund a lavish lifestyle that included the purchase of numerous vehicles, riverfront property in Missouri, a 35-foot yacht, and [...]
The prevalence of massive corporate financial scandals and white-collar crimes such as embezzlement in recent years has increased demand for forensic accountants. Colleges are meeting the demand by starting up courses of study that provide students with a degree or certificate in forensic accounting.
One such institution is Middlesex County College [...]
A 65-year-old former town official in Maine who embezzled more than $46,000 from the town over 10 years will be spending 15 months behind bars after pleading guilty on Friday.
See full story here.
[...]The District Attorney for the District of Massachusetts announed in late October that Grace Oliver, of Acushnet, Massachusetts, was sentenced to 46 months incarceration on charges of possessing forged securities of a corporation engaged in interstate commerce.
Oliver had earlier pled guilty, on August 6, 2007, to embezzling funds from [...]
The final article in the 3-part series by Stephen Linker of the New Jersey-based forensic accounting firm of RosenfarbWinters focuses on methods of detecting whether embezzlement is occurring or has occurred.
The article identifies three steps central to the detection process (which may differ based on factors such as [...]
We've followed the ongoing saga of Jonathan D. Nelson, the former CFO of Patterson-UTI Energy who embezzled more than $77 million from the company.
The District Attorney for the Northern District of Texas announced on October 10, 2006 that Nelson was sentenced to a prison term of 25 years after pleading [...]
Auditors, controllers and other financial staff at organizations looking to prevent and detect embezzlement and other fraud would do well to read material appearing on websites and blogs published by reformed white collar criminals. These folks often successfully evaded detection for many years until they were caught, and therefore are [...]
The United States Attorney for the Southern District of Florida announced that three defendants, William Scott Deloach, Maria Garcia, and Rosario Licata, have pleaded guilty to charges that they engaged in a long-term scheme to embezzle over $35 million from their former employer, PBSJ Corp. PBSJ is an employee-owned national [...]
Two Pennsylvania men, Henry Machinski and Vincent Marchese, will each plead guilty to four felony charges in connection with embezzling $6.4 million from food giant Nestle USA. The U.S. Attorney said the plea agreement calls for the defendants to serve five to six years in prison.
Prosecutors said Machinski, then a [...]
A former accountant, Denis Shusterman, accused of embezzling $10.8 million from a businessman to bankroll a lavish lifestyle was sentenced to 14 years in prison. The money was primarily stolen from Kimber Manufacturing, a Yonkers, N.Y., firearms company at which Shusterman worked as the chief financial officer.
See the full story [...]
The U.S. Attorney for the Eastern District of Michigan announced recently that a Comerica assistant bank manager has plead guilty to embezzling over $360,000 from bank accounts belonging to his elderly and deceased clients. The manager stole the money by closing or depleting CD and IRA accounts belonging to the [...]
The White Collar Crime Prof blog posted earlier this week about the interesting case of former Texas Southern University president Priscilla Slade who faces criminal charges against her arising from alleged misuse of University funds for her personal expenses. Slade was fired as president earlier in 2006 because of [...]
In the ongoing saga of Walmart executive Tom Coughlin, we only recently reported that Couglin was sentenced to home confinement after pleading guilty to charges that he defrauded the company by submitting fake invoices.
The latest update, reported yesterday by the White Collar Crime Prof (WCCP) blog (see [...]
The U.S. Attorney for the Eastern District of Wisconsin recently announced 4 indictments arising from embezzlement at Milwaukee-area banks, including a former employee at M&I Trust Company in Milwaukee, charged with stealing $31, 985 from a customer 401(k) account; a former bank teller, accused of embezzling $16,900 from M&I Bank [...]
The Wall Street Journal Law blog had an amusing post today about Yoshio Yamaki, a Japanese businessman who has been charged with embezzling more than $7 million from camera company Sigma USA. Yamaki walked out of the federal courthouse in Brooklyn after two women - who identified themselves to [...]
Wayne Diecchio, a bookkeeper from Yonkers pleaded guilty recently to embezzling more than $76,000 over a 5 1/2-year period from a temporary employment agency. Diecchio stole the money by making numerous unauthorized ATM withdrawals, writing unearned petty cash and payroll checks to himself, and paying his personal credit card debts [...]
The former chief executive officer of DreamLife Financial (a financial services business based in California), Tony Daniloo, was indicted last Thursday in connection with a scheme to defraud homeowners of $7 million. Federal prosecutors say that Daniloo embezzled money from real estate clients by altering client's escrow documents and depositing [...]
The White Collar Crime Prof Blog recently shared the story of Annie Donnelly who entered a guilty plea to embezzling $2.3 million from her employer, a medical practice, to buy lottery tickets over the past three years. WCCPB reports that Donnelly was buying upwards of $6,000 worth of tickets a [...]
We've been covering the embezzlement case of casino lawyer Richard Davenport; see most recent post here.
Last Thursday, Davenport, who admitted to embezzling $3.1 million from John Ascuaga's Nugget casino over a 12 year period, was sentenced to 10 years in prison, with parole possible after serving four.
Before [...]
The Massachusetts Attorney General recently announced that Gerard Battista, a Massachusetts attorney, was indicted on charges that he allegedly stole $1.2 million from clients in connection with legal services performed for them. The indictment stemmed from an investigation by the AG's office after it received complaints alleging that Battista had [...]
Francis Myers, a former bank vice president at Wachovia Bank, was recently sentenced to three to six years in prison after pleading guilty to embezzling more than $640,000 from the accounts of four elderly customers.
Prosecutors said Myers made more than 200 unauthorized transfers and withdrawals from 18 accounts owned by [...]
United States Attorney Patrick L. Meehan of the Eastern District of Pennsylvania recently announced the filing of an indictment against Dean Henry Smith charging that he embezzled over $733,000 between 2003 and June 9, 2006, while an employee of Wachovia’s Institutional Trust Services Department.
The former accounting manager at the Hoboken Housing Authority, Eric Hurt, pleaded guilty Wednesday to embezzling $111,083 from the agency by writing checks to himself, federal prosecutors said. The defendant admitted he wrote 34 such checks from August 2001 to February 2004, and concealed the theft by falsely reporting that [...]
The United States Attorney for the Western District of New York, recently announced that Lynn R. Lanphear, age 63, of Pittsford, New York, was sentenced to five years probation and ordered to pay restitution in the amount of $9,441.29 in connection with his guilty plea on June 12, 2006, to [...]
Joseph DeRusso, of Florham Park, New York, a former consultant to the Roman Catholic Archdiocese of New York recently admitted in federal court that he participated in a plot to divert $1 million in funds meant for food programs for parochial school children. DeRusso also pleaded guilty to taking more [...]
The U.S. Attorney for the District of Columbia recently announced that Joyce R. Williams, 40, of Largo, MD, formerly employed by College Summit’s National Headquarters, pleaded guilty to unauthorized charging of airplane tickets, hotel stays, meals, clothing, electronics, concert tickets, jewelry, fuel and bills to a corporate credit card.
See [...]
Kenneth Wainstein, U.S. Attorney for the District of Columbia, announced recently that a federal grand jury has indicted a former Georgetown University employee, Pedro Paulo dos Santos, on charges of defrauding the University and Riggs Bank of more than $300,000.
According to the indictment, dos Santos had worked from 1998 until [...]
Jennifer Rosvold, a former accounting manager for Damon’s Restaurants, a Twin Cities restaurant chain, was sentenced recently to 24 months in prison for stealing from her employer, according to a press release from the U.S. Attorney for the District of Minnesota. Rosvold was also ordered to pay $425,920 in restitution [...]
United States Attorney Mary Beth Buchanan of the Western District of Pennsylvania announced recently that Walter M. Tymoczko, a resident of Pittsburgh, had been sentenced to two years incarceration and ordered to pay $255,424.60 in restitution on his conviction of uttering and possessing a forged security of an organization.
According [...]
The U.S. Attorney for the District of Columbia, Kenneth Wainstein, announced recently that former lawyer, Reginald Jerome Rogers, has been found guilty of mail fraud involving a scheme to defraud elderly clients.
According to the evidence at trial, Rogers practiced law from his home office in Bowie, Maryland, and handled [...]
The New Hampshire Attorney General announced this week that Scott A. Payrits, age 34, pleaded guilty to embezzlement and larceny from his employer, mall developer Zamias Corporation. According to filings in the case, Mr. Payrits obtained the money through a variety of methods, including taking cash from bank deposits, taking [...]
An attorney accused of embezzling more than $300,000 from a half-dozen clients, including a woman with breast cancer, was arrested Tuesday on a felony warrant, prosecutors said. The charges stem from Wolf allegedly depositing settlement checks from personal injury, workers' compensation and wrongful termination lawsuits into his clients' trust accounts, [...]
