Kathy Valdez, 41, the finance manager for Southwest Applied Technology College in Cedar City, Utah, was arrested Friday on second degree felony embezzlement charges. The amount of money allegedly stolen has not been disclosed, nor have the circumstances of the case. College officials identified "serious irregularities" in their banking records which apparently led to the arrest. She is currently in jail pending a preliminary hearing. She is still listed as SWATC's Finance Director on their website.FraudTalk is a blog focused on the review and discussion of recent significant cases of fraud, corruption and employee misconduct - particularly major embezzlement cases in the US. Fraud Talk is published by Chris Marquet, Chairman & CEO of Marquet International Ltd., an international investigations, litigation support and due diligence firm.
Saturday, December 13, 2008
Utah College Finance Director Arrested For Alleged Embezzlement
Kathy Valdez, 41, the finance manager for Southwest Applied Technology College in Cedar City, Utah, was arrested Friday on second degree felony embezzlement charges. The amount of money allegedly stolen has not been disclosed, nor have the circumstances of the case. College officials identified "serious irregularities" in their banking records which apparently led to the arrest. She is currently in jail pending a preliminary hearing. She is still listed as SWATC's Finance Director on their website.
Does anyone know the staus of this case? I heard she was convicted. Is this true, if so when?
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