Tuesday, August 17, 2010

Update: Former Virginia CFO Pleads Guilty In $389K Embezzlement Case

Judy Hall, 59, of Abingdon, Virginia, has pleaded guilty to embezzling some $389,000 from Tug River Health Care Association, a non-profit health care services provider where she had been employed as chief financial officer. According to prosecutors, Hall used her position to issue at least 66 checks to herself over a period of about a year and a half. She is also alleged to have forged the signatures of two executives at the non-profit. Authorities believe 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 faces up to 10 years in prison, plus a fine of up to $250,000 and restitution upon sentencing, which is scheduled for December 14, 2010. Hall was originally charged this past June.

Read FraudTalk's original post on this story here.

Read the story here and here.

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