Sunday, September 12, 2010

Former Ohio Municipal Deputy Treasurer Sentenced For $3 Million Embezzlement

Vincent J. Frustaci, 38, of Canton, Ohio, was sentenced to 10 years in prison for embezzling nearly $3 million from Stark County, where he had served as the Stark County Chief Deputy Treasurer. Frustaci was also ordered to pay full restitution including 25 percent of any income he earns during prison and 20 percent of any income after his sentence is served. Audit investigators determined that Frustaci embezzled some $2.9 million. On June 25, 2010, authorities announced that Frustaci had plead guilty to conspiracy to defraud the US and theft concerning an agency receiving federal funds in connection with his embezzlement of $2.46 million over a six year period between January 2003 and March 31, 2009. Frustaci, who apologized for the embezzlement, blamed his actions on a gambling habit. Frustaci had been employed at the Stark County Treasurer's office since 1999, hired by his friend, current treasurer, Gary Zeigler.

Read the story here, here and here.

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