William J. Craven, 67, formerly of Westerly, Rhode Island, was sentenced to three years in prison for embezzling more than $400,000 from his clients over a period of five years, from 1999 and 2004. Craven plead no contest to a felony embezzlement charge this past January. Craven must also pay full restitution. One client alone reportedly lost $260,000.FraudTalk is a blog focused on the review and discussion of recent significant cases of fraud, corruption and employee misconduct - particularly major embezzlement cases in the US. Fraud Talk is published by Chris Marquet, Chairman & CEO of Marquet International Ltd., an international investigations, litigation support and due diligence firm.
Tuesday, July 20, 2010
Former Rhode Island Attorney Sentenced For Embezzling $400+K From Clients
William J. Craven, 67, formerly of Westerly, Rhode Island, was sentenced to three years in prison for embezzling more than $400,000 from his clients over a period of five years, from 1999 and 2004. Craven plead no contest to a felony embezzlement charge this past January. Craven must also pay full restitution. One client alone reportedly lost $260,000.
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