Monday, March 30, 2009

Vermont Man Pleads Guilty To Embezzling Nearly $100K

Karl Austin, 34, of Pownal, Vermont, has pleaded guilty to two counts of embezzlement, admitting to stealing some $95,000 from NSK Steering Systems of Bennington, Vermont where he had been employed. Austin, who apparently had responsibilities at NSK that included finance, initially took from the petty cash and them moved onto writing himself checks to supplement his regular paycheck.

Read the story here.

4 comments:

Anonymous said...

How about getting it right. The article itself says $65,000 was taken, not $95,000. Last time I checked that's a pretty big difference.

Chris Marquet said...

With all due respect, Austin admitted to stealing $95,000 from the company. Read the article again. The initial company audit showed a loss of $65,000. The losses in these cases usually increase as an investigation progresses and uncovers the depth and breadth of the theft.

Anonymous said...

If you read the initial article he gave that as an estimate to the police and they reported it to the paper. The number was never actually a factual number, just a guess.

Anonymous said...

look Moron....not like many will read this anyway.. weather its 65k or 95k he stole it. end of story..so in Reality..MORON. after investigations.. paper work..court costs.. attorneys for SnK. it would add up well over 95k . I know the Idiot Karl himself..and He actualy got more than you think..sounds like Chris Just wanted to see his Face on here.. DO your homework and get exact figure next time..not one just to be seen here.. 95k 96k I know the exact gigits,,,Do you.. not just the K part...Moron and either way...He stole alot of money...one dollar or 95k...still theft. who cares..it's over