Wednesday, June 24, 2009

Illinois Woman Accused Of Embezzling From Bank To Cover Up Charity Embezzlement

Michelle D. Knebel, 38, of Pocahontas, Illinois, has been accused of embezzling some $166,220 from the First Mid-Illinois Bank where she had been employed as an assistant manager, to cover up an ongoing embezzlement from Highland School Charitable Foundation for which she had served as bookkeeper and from which she had reportedly been taking funds its account at the bank since 1999. According to reports, when the charity decided to close its account at the First Mid-Illinois bank, Knebel began transferring funds from other clients to cover the losses she had created.

Read the story here, here and here.

Read the DOJ announcement here.

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