Thursday, July 1, 2010

Oregon Accountant & Financial Advisor, Suspected In $1 Million+ Embezzlement, Commits Suicide

Dennis Lee Solin, 61, of Eugene, Oregon, reportedly committed suicide by gunshot last month after he learned he was suspected of embezzling more than $1 million from the Life Connection Foundation, a local charitable organization for which he had served as volunteer treasurer. Solin was an accountant and financial advisor to clients in the Eugene area through his firm, Solin Financial Services, LLC. He was reportedly a prominent and well-connected businessman in Eugene. In letter to his wife, Linda, Solin reportedly admitted that he had stolen from the charity over an 8-9 year period and stated, “I have messed up my life now, your life and the kids...I have permanently screwed up the family name, I will forever be remorseful for this..." Linda Solin subsequently filed for divorce after 40 years of marriage to Dennis. According to authorities, Solin made 28 unauthorized withdrawals from the foundation’s account between 2003 and this spring. A full accounting of the loss to the foundation has not yet been completed, but it is expected to exceed $1 million.

Read the story here, here and here.

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