Barry C. Cain, 51, of Knox County, Tennessee, has been arrested and charged with bilking the Gallaher Memorial Baptist Church and the Edgewood Cemetery out of nearly $680,000 where he had served as treasurer for each. In the case of the cemetery, according to prosecutors, Cain had people write checks to him directly to purchase plots. The checks totalled nearly $600,000. In the case of the church, Cain simply wrote checks to himself totalling nearly $80,000. 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.
Monday, June 29, 2009
Tennessee Treasurer Charged With Embezzling $680K From Church & Cemetary
Barry C. Cain, 51, of Knox County, Tennessee, has been arrested and charged with bilking the Gallaher Memorial Baptist Church and the Edgewood Cemetery out of nearly $680,000 where he had served as treasurer for each. In the case of the cemetery, according to prosecutors, Cain had people write checks to him directly to purchase plots. The checks totalled nearly $600,000. In the case of the church, Cain simply wrote checks to himself totalling nearly $80,000.
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