Friday, April 23, 2010

California Ranch Treasurer Charged With Embezzling $1.6 Million

Gary Steven Gross, 61, was indicted yesterday on charges he embezzled some $1.6 million from Niman Ranch in Alameda, California where he had been employed as treasurer. According to authorities, Gross transferred funds from the company's bank accounts to accounts he had set up to launder the funds. Gross reportedly had been employed as treasurer for the ranch for 12 years. Niman Ranch, which sells free-range beef and pork to high-end restaurants and grocery stores, is known for its eco-conscious farming methods.

Read the story here.

Hat tip: Reader Joe.

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