Former CFO Of Catholic Agency In Buffalo, New York Pleads Guilty To Embezzling $223K

Sophia M. Canahai, 48, of Lockport, New York, pleaded guilty today to charges she embezzled nearly $223,000 from the Cantalician Center for Learning where she had served as the long-time chief financial officer. According to prosecutors, over a period of almost 17 years, from January 1, 1992 until October 1, 2008, Canahai stole a total of $222,684.49 from the Catholic agency to pay off home loans and other personal expenses. Canahai pleaded guilty to second-degree grand larceny and offering a false instrument for filing. She faces up to 19 years in prison and has already made full restitution, according to reports.

Read the story here, here and here.

Update (8/20/10): Canahai was sentenced to 5 years probation. Her father reportedly paid back the $223,000 in restitution.