Iris F. Allen, 44, of Richmond, Virginia, has pleaded not guilty to charges she misappropriated more than $800,000 from the state's Birth-related Neurological Injury Compensation Program, known as BIF, where she had been employed as a benefits & claims manager. According to prosecutors, Allen fabricated invoices and siphoned benefit payments two companies she formed, named Paratransit Company and Dandridge Design & Construction. In all, Allen made $1 million in fraudulent claims, although the damages to BIF was only $784,000. Allen's embezzlement scheme reportedly lasted approximately three and a half years from July 2006 until late 2009. She faces sentencing on May 14th and was ordered to pay restitution.Read FraudTalk's original post on this story here.
Update (6/1/10): Iris Allen was sentenced to 10 years in federal prison and ordered to pay restitution of nearly $1.3 million.
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