Wednesday, July 20, 2011

Ohio Union Leader Indicted For Allegedly Embezzling $757K

Diana Frey, 51, of Cincinnati, Ohio, was indicted today on federal charges she embezzled $757,009 from the Cincinnati Organized and Dedicated Employees Union where she had served as its president.  According to prosecutors, over a period of 6 1/2 years, since 2005, Frey siphoned funds from the union by fraudulently writing checks, making wire transfers, ATM withdrawals and credit card purchases to funnel members’ payments into her own accounts or use them for her own benefit.  She faces up to 20 years in prison, plus fines and restitution, if convicted.

Read the story here and here.

Update (7/24/11): Read a nice piece on this case at

Update (9/21/11): Frey has now pleaded guilty. 

No comments: