Saturday, April 9, 2011

Illiinois Man Alleged To Have Embezzled $1.5 Million From Bank

Elvir Sinikovic, 33, of Elk Grove Village, Illinois, has been arrested and charged with embezzling funds from the Chicago Title and Trust Company where he had been employed as an escrow administrator. According to authorities, Sinikovic caused an electronic funds transfer of $50,000 to a construction account that was then converted to he and his wife's own benefit in cash and for the purchase real estate. FBI investigators believe he may have caused more than 100 similar such fraudulent transactions. His wife has not been charged at this time. Sinikovic faces one felony count of embezzlement of bank funds.

Developing...

Read the story here and here.

Read the DOJ announcement here.

1 comment:

Anonymous said...

CATEDTHIS IS A REAL "IDIOT"
TO JAIL HIM......
DISGRACE TO THE BOSNIAN PEOPLE
"IDIOT"