Thursday, February 26, 2009

Missouri Village Treasurer Charged WIth Major Embezzlement

Gene Paul Boyd, 62, of Leawood Village, Missouri, was charged Monday with embezzling at least $325,000 and perhaps as much as $1 million from the Leawood Village coffers, where he had served as treasurer for many years. In an affidavit filed with the court, Boyd reportedly confessed to stealing money from the village for as long as 21 years. Investigators have documented $325,210 in losses from 2004 to 2008. However, another $673,534 in village funds is still unaccounted for. Boyd started serving as treasurer in or about 1978. Details on how Boyd accomplished his alleged thefts have not been released, but investigators claim he provided falsified bank statements to cover up the losses.

Read the story here and here.

See the probable cause affidavit and complaint here.

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