Thursday, December 22, 2011

Wisconsin Woman Accused Of Embezzling $100K

Christine Swan, 48, of Rhinelander, Wisconsin, who has been accused of embezzling more than $100,000 from Crossroads USA, a local auto dealership, is reportedly seeking a plea agreement with prosecutors.  According to authorities, Swan, who was employed as office manager for the dealership, created phony inventories to obtain loans from M&I Bank which she converted to her own benefit.  She has been charged with one felony count of fraud against a financial institution.

Read the story here and here.

Update (2/21/12): Swan pleaded no contest and has been convicted of a Class H felony as a consequence.  She faces up to 3 1/2 years in prison, plus restitution.

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