Thursday, December 16, 2010

Pennsylvania Man Charged With Embezzling More Than $300K

Kevin S. Prasi, 28, of Clarks Summit, Pennsylvania, has been arrested and charged with embezzling more than $300,000 from Vullo Motors in Scranton where he had been employed as finance manager. According to authorities, Prasi applied for duplicate loans on cars sold and then pocketed the cash. He is also alleged to have sold several vehicles as well as at least 22 repossessed vehicles and kept the proceeds without paying off the lien holder. The total amount alleged to have been misappropriated by Prasi over a period of nine months, from July 2009 to March 2010, was $304,941.93. Prasi has reportedly blamed his actions on a "serious gambling problem."

Read the story here and here.

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