Denisa C. Babcock, 36, of Camanche, Iowa, has been accused of embezzling more than $500,000 from the Clinton, Iowa School District, where she had been employed as an accountant and business office supervisor, according to a press release from the school district. The release states, "The district has sustained a loss in excess of its insurance policy limits of $500,000 as a result of misappropriation of funds by former employee, Denise Babcock." How much more is unclear at this point as the case is being investigated by state auditors and law enforcement. Babcock had been employed with the school district since 2004.
Read the story here.
Update (9/27/10): Babcock pleaded not guilty today to charges that she embezzled what is now estimated to be $1.2 million. She was indicted last week and her trial is now scheduled for November 1. Babcock allegedly deposited 177 checks intended for the Clinton School District into her own accounts.
Update (10/13/10): Babcock won a motion to delay her criminal trial on charges she embezzled $1.2 million from the Clinton School District, which is now scheduled for next February.
Update (2/14/11): Babcock is reportedly seeking a plea agreement with prosecutors. Her alleged thefts totaled $1,207,248.32.
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4 comments:
SHE IS SETTING A GREAT EXAMPLE FOR HER KIDS,SHE SHOULD SPEND SOME TIME DISCIPLINING THEM INSTEAD OF STEALING TAXPAYERS MONEY FOR A NEW KITCHEN AND TRIPS..
NICE!!!
hope she is enjoying her 25,000 built in pool and remodels on her house with our tax and childrens education funds...she is a real piece of work..as the first comment states she is setting a great example for her children and i agree...
what has happened. Where is money for school. Doesn't Basden have to do something about this. He just off and leaves.
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