Friday, December 24, 2010
Pennsylvania Man Arrested For Embezzling $377K
Read the story here and here.
Update (2/25/11): Breeden has now been charged with seven counts of forgery and one count each of dealing in proceeds illegal activities, theft by deception and receiving stolen property. He is alleged to have written checks to himself, taken unauthorized pay, used payroll funds to pay back loans he had taken out with the company and "cashed out" vacation time he had not earned. All told, Breeden is alleged to have misappropriated $377,701 from Advanced Industrial Services in Manchester Township, Pennsylvania where he had been employed as chief financial officer.
Update (11/30/12): Breeden, now 52, who was convicted in August of embezzling more than $377,000 from Advanced Industrial Services for whom he had served CFO, has been sentenced to one day less than a year in York County prison.