Thursday, March 15, 2012

Maine Woman Settles Suit Over $519K Embezzlement From Credit Union

Marsha Richard, 42, of Topsham, Maine agreed to settle a civil suit filed by the Atlantic Regional Federal Credit Union seeking restitution and alleging she had embezzled $519,000 from the financial institution where she had been employed.  Richard had previously been charged criminally for the misappropraitions and pleaded guilty last September and untimately sentenced to 33 months in prison this January.  Richard reportedly applied bounced checks funds to her own account rather than to a specific account at the bank.  In the civil settlement, Richard agreed to pay restitution in the amount of $370,000 back to the credit union.  Richard had been a 23 year veteran employee of the credit union. 

Read the story herehere and here.

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