Tuesday, April 20, 2010

Official Of Christian Missionary Group Charged With Embezzling $700K

Eun Tae Lee, 50, of Fairfax, Virginia, was charged last Friday with embezzling more than $700,000 from Seed International Inc., a missionary company sponsored by the Korean Central Presbyterian Church for which he had served as Chief Administrative Officer. According to authorities, Lee gained control of Seed International's bank account and wrote checks to accounts he had set up in his own name. The thefts are believed to date back to at least 2006. Lee is reported to have used the ill-gotten gains to finance a lavish lifestyle including the purchase of a Porsche Cayenne sport-utility vehicle.

Read the story here and here.

Update (9/14/10): Lee was formally indicted on 17 counts of embezzlement for allegedly having stolen over $700,000 from Seed International.

Update (6/30/11): Lee was sentenced to 12 months in jail today plus 3 years probation.  He must also pay $2,000 per month in restitution as well.

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