Monday, February 28, 2011

Nebraska Man Accused Of Embezzling More Than $1.4 Million

Calvin Jacobs, 52, of Elkhorn, Nebraska, has been indicted by a federal grand jury on charges he embezzled more than $1.4 million from CTKA Corporation where he had been employed as finance officer. According to authorities, Jacobs siphoned funds from the CTKA over a period of about 2 1/2 years between July 2006 and February 2009, by writing checks to Vital Signs Unlimited Inc. and then used them for personal expenses. Jacobs was CFO of Vital Signs Unilimited. He has been indicted on six counts of wire fraud.

Read the story here and here.

1 comment:

Anonymous said...

On April 12, 2012, a 12-person jury unanimously found Calvin Jacobs not guilty on all six counts.