Tuesday, January 26, 2010

Update: Illinois Woman Who Embezzled From Bank To Cover Up Charity Embezzlement Is Sent To Prison

Michelle D. Knebel, 38, of Pocahontas, Illinois, has been sentenced to 33 months in prison for embezzling some $166,220 from the First Mid-Illinois Bank where she had been employed as an assistant manager. Knebel's thefts from the bank were ostensibly to cover up a ten year long embezzlement scheme from Highland School Charitable Foundation for which she had also served as bookkeeper. Knebel, who plead guilty last August to the bank embezzlement, has been also ordered to pay $149,622 in restitution. According to reports, when the charity decided to close its account at the First Mid-Illinois bank, Knebel began transferring funds from other clients to cover the losses she had created.

Read FraudTalk's original post on this story here.

Read the story here.

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