Thursday, June 3, 2010

Former CFO From Virginia Charged With Embezzling Nearly $400K From Health Care Concern

Judy Hall, 59, of Abingdon, Virginia, has been indicted on charges she embezzled some $389,000 from Tug River Health Care Association, Inc., a non-profit health concern where she had been employed as chief financial officer. According to prosecutors, Hall issued fraudulent checks from the health concern to herself over a period of a year and a half between April 2008 and July 2009. Hall allegedly forged two signatures on each check and deposited them into her own accounts in banks in Virginia. Authorities also allege that Hall erased records of the phony checks then intercepted checking account statements from Tug River’s bank, altered them by replacing the phony checks with copies of legitimate checks, and then photocopied the altered record so it would not be detected. Hall has been charged with theft from an organization receiving federal funds and faces up to 10 years in prison, plus fines and restitution.

Read the story here and here.

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