Lorita M. Frazier, 48, of Randallstown, Maryland, was sentenced to three years in prison after being convicted of fraud and embezzlement from the US Postal Service where she had served as a clerk. Frazier had been convicted in June for embezzling postal funds, bank fraud and wire fraud. According to prosecutors, Frazier stole some $74,000 in bank deposit funds from the post office between October 2004 and June 2005. She also reportedly defrauded the Post Office Credit Union of Maryland and the Option One Mortgage Corp. by using fraudulent financial information to obtain loans used to purchased 2 Porsche automobiles and refinance her home, among other things.
Read the story here and here.
Read the DOJ announcement here.
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