Friday, November 19, 2010

Minnesota Man Indicted For Allegedly Embezzling $642K From Employee Benefit Plan

Delroy Joseph Sand, Jr., 62, of New Prague, Minnesota, has been indicted on charges he embezzled $642,166 from the employee benefits plan of Hecla, Inc., a group home business he owned. Specifically, the three count indictment against Sand includes one count of embezzlement and theft from an employee benefit plan, and one count of failure to file a required report, and one count of obstruction of agency proceedings. The indictment alleges that from February 2008 to September 2009, Sand misappropriated the funds from the company's employee's retirement savings plans. He faces up to 10 years in prison if convicted, plus restitution. Research reveals that Sand has been embroiled in additional criminal controversy, living a double or triple life and defrauding supposed family members.

Read the story here and here.

Read the story about Delroy Sand's double life here.

Update (9/10/11): Sand, now 63, was sentenced to 41 months in prison. 

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