Thursday, January 29, 2009
Former Accountant Of Massachusetts Based Public Television Station Charged With Embezzling Nearly $500K
Philip McCabe, age 48, of Reading, Massachusetts, and the former accounting manager for WGBH public television in Boston, was indicted today on charges he embezzled nearly half a million dollars from the station. According to prosecutors, McCabe, who had control over corporate accounts to pay vendors, used those accounts to pay personal expenses on corporate and personal credit cards for such things as vacations, golf outings, restaurant tabs, liquor, clothes, household goods, gas and many other personal expenses over a nine year period from 1998 to 2007. He has been indicted on two counts of making false entries in corporate books and two counts of larceny. McCabe, who was a 20 year veteran employee of station, is scheduled to be arraigned on February 6th.