Monday, August 24, 2009

Illinois Man Pleads Guilty And Is Sentenced In $580K Embezzlement Case

Earl Reisler, 28, of Hoffman Estates, Illinois, was sentenced to four years in prison after pleading guilty to embezzling some $580,000 from American Inter-Continental University, where he had served as an assistant controller. According to prosecutors, Reisler wrote 141 checks to himself between March 26, 2006, and July 24, 2008. He also reportedly made fraudulent entries in the school's bank ledger in an effort to cover up his misdeeds. Reisler used the stolen money to fuel an online gambling habit, according to reports.

Read the story here.

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