Tuesday, December 13, 2011
Virginia Couple Accused Of Embezzling $2.5 Million From Real Estate Concern
Read the story here and here.
Update (7/13/12): Terri Lynn Nagy-Phillips and Craig Phillips entered guilty pleas to one count each of conspiracy and wire fraud for embezzling what is now believed to be about $2.8 million. According to authorities, the couple caused $2.3 million in company checks to be deposited in the Phillips' bank accounts or written to businesses to pay for goods and services bought by the couple. They also executed fraudulent wire transactions to pay for more than $500,000 in unauthorized charges to the company's credit card.