Monday, June 11, 2012

Former Municipal Treasurer In Virginia Indicted For Allegedly Embezzling "About Six Figures"

Wanda Gibson Smith, 61, of Buchanan, Virginia has been indicted on 12 felony counts alleging that she embezzled "about six figures" from the Town of Buchanan where she had been the longtime treasurer.  According to prosecutors, over an unspecified number of years, Smith siphoned funds from the municipality for her own benefit.  Smith was fired last January after she was charged the prior month. 


Read the story here.

Update (7/5/12): Smith has pleaded guilty to the 12 felony embezzlement charges.  Smith had served as the town treasurer for some 30 years.

Update (8/10/12): Smith has been sentenced to 3 years in prison and ordered to pay more than $145,000 in restitution. 

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