Wednesday, February 15, 2012

Arrests Expected Of 2 For Alleged Embezzlement From Missouri Resort

State authorities are concluding an investigation that is expected to result in the arrest of two individuals for allegedly embezzling at least $100,000 from member-owned Cloud 9 Ranch in Caulfield, Missouri.  Authorities believe the former employees were transferring ownership deeds to members of their own families, unbeknownst to the family members, and eventually selling the memberships and pocketing the money.   The investigation commenced in April 2010 when resort board members believed it was being defrauded. 

Developing...

Read the story here.

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