Tuesday, February 16, 2010
Update: New Mexico School Administrator Pleads Guilty To $3.4 Million Embezzlement Scheme
Kathy Borrego, 51, of Abiquiu, New Mexico, pleaded guilty today to charges she embezzled nearly $3.4 million from Jemez Mountain Schools in Galina, New Mexico, where she had been employed as business manager. Prosecutors had alleged that Borrego wrote at least 538 checks to herself, her boyfriend and her daughter over a seven year period, totalling $3,378,701. Specifically, Borrego pleaded guilty to six counts of embezzlement, one count of improper use of official anthems and four counts of tax evasion. Prosecutors allege that Borrego's scheme lasted at least 7 years. She faces up to 41 years in prison upon sentencing.
Read FraudTalk's original post on this story here.
Read the story and see the video here.
Update (5/12/10): Borrego reportedly committed suicide last weekend, prior to her sentencing which was scheduled for Monday.