Saturday, March 31, 2012

Former CFO Of Alabama Hospice Charged With Embezzling More Than $466K

Royce Leon Washburn, Jr., 49, of Sylacauga, Alabama, has been charged with bank fraud in connection with his alleged embezzlement of $466,500 from the accounts of American Homecare Hospice where he had been employed as CFO.  According to authorities, over an unspecified period of time, Washburn wrote checks to himself and received direct deposits into his personal accounts from payroll "greatly exceeding" his authorized salary.  He had been employed as CFO from January 2007 until December 2011 when he was fired.  Washburn faces up to 30 years in prison plus restitution and fines.

Read the story here and here.

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