Paul Joseph Reardon, 74, of Matthews, Virginia, a retired Virginia State Police trooper, was indicted yesterday on charges embezzled some $110,000 from the Mathews Volunteer Fire Department, where he had served as treasurer for 30 years. According to investigators, Reardon wrote checks to himself for cash during the course of 2009.Read the story here and here.
Update (7/20/10): Reardon pleaded guilty in a plea agreement, admitting that he stole some $216,000 from the Matthews County Volunteer Fire Department where he had been treasurer. Authorities believe Reardon made more than 100 unauthorized transactions and took $221,000 in misappropriated funds. The judge ordered him jailed.
Update (9/21/10): Reardon was sentenced to five years in prison yesterday for embezzling $221,000 from the Matthews County Volunteer Fire Department. He was also ordered to pay restitution of $216,000 at $1,000 per month.
He was indicted for just what was taken in 2009. He has been treasurer for 30 years!!!! He is also treasurer of several other civic groups, including the Masonic Lodge. I hope that it is a medical problem, like senility or a brain tumor, instead of greed. He seems to be a really nice man.
ReplyDeleteOrganizations, make sure to have 2 signatures on your checks. Also, rotate the treasurer's position.