Thursday, May 31, 2012

Missouri Man Sentenced For Embezzling Nearly $189K From Financial Concern's Client Accounts

Duane Cook, 36, of Spanish Lake, Missouri, has been sentenced to 21 months in prison for embezzling nearly $189,000 from client trust accounts at Edward Jones Trust Co. where he had been employed as a trust specialist.  According to authorities, over a period of more than 5 years, from May 2006 to June 2011, Cook siphoned funds from three client trust accounts at the financial institution.  Specifically, Cook issued false invoices and had 61 checks issued made out to “Fever,” a phony company he created to perpetrate the fraud.  Cook, who pleaded guilty in January 2012 to one felony count of mail fraud, was also ordered to pay full restitution.

Read the story here and here.

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