Tuesday, November 3, 2009

Update: Wisconsin Bank Exec Indicted In $635K Embezzlement Case Commits Suicide

David K. Henke, 50, of Wisconsin Rapids, Wisconsin, was found dead in his car yesterday in an apparent suicide. Henke had been indicted by a federal grand jury last July for allegedly embezzling some $635,000 from the Rapids Municipal Credit Union where he had served as president. Prosecutors had alleged that Henke misappropriated the funds between November 1999 and October 2008 by manipulating the financial institution's books and records. Specifically, Henke was indicted on 20 felony counts, including bank fraud and embezzlement and faced up to 600 years in prison, a $1 million fine, 5 years period of supervised release, and restitution. The Wood County Coroner's office has officially ruled the death a suicide.

Read FraudTalk's original post on this story here.

Read the story here.

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