Sunday, May 8, 2011

Ohio Man Charged With Embezzling Nearly $1.7 Million

Mark Cherubini, 44, of rural Knox County, Ohio, has been charged with embezzling nearly $1.7 million from three separate businesses owned by his high school friends for which he had served as financial manager, including Law General Contracting, RMR Holdings and Redskin Transport. According to authorities, over a period of nearly 8 years, from January 2003 until September 2010, Cherubini falsified financial ledgers and wrote fraudulent checks to a fourth company he had worked for but had been sold to foreign owners. Cherubini allegedly kept one of the old company's accounts open and used the proceeds for his own benefit. Prosecutors also allege that Cherubini owns a quarter horse farm which he purchased with the ill-gotten gains from his alleged misappropriations. Cherubini has been indicted on nine felony charges, including three counts of aggravated theft, three counts of money laundering, two counts of misuse of a credit card and one count of engaging in a pattern of corrupt activity.

Read the story here, here and here.

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