William T. Barnes, 71, of Norristown, Pennsylvania was arrested and charged yesterday with embezzling more than $775,000 from the non-profit Valley Forge Convention &Visitor’s Bureau where he had been employed as Director of Finances and Administration. Barnes, who was charged with theft, forgery, tampering with records and other charges, allegedly embezzled a total of $775,509 over a 10 year period until he retired in February 2009, reportedly to pay child support and alimony. Authorities allege that Barnes wrote himself checks and forged signatures.Watch the video here.
Update (1/14/11): Barnes pleaded guilty to multiple charges admitting he embezzled more than $775,000.
Update (9/14/11): Barnes, now 72, was sentenced to 15 to 30-months in county jail, followed by about 9 ½ years of probation. Barnes reportedly spent the funds to support a lavish lifestyle and a gambling addiction.
Read an updated comprehensive article on the story here.
Update (9/14/11): Barnes, now 72, was sentenced to 15 to 30-months in county jail, followed by about 9 ½ years of probation. Barnes reportedly spent the funds to support a lavish lifestyle and a gambling addiction.
Read an updated comprehensive article on the story here.
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