Wednesday, June 5, 2013

Former CFO Of New York Non-Profit Pleads Guilty In $161K Embezzlement; Has A Criminal History

From The Record on 6/5/13:


Dennis Bassat, the former chief financial officer of 820 River St. Inc., stood in Rensselaer County Court beside his attorney and admitted to stealing $161, 384 from the non-profit over a five-year period beginning back in 2006.

As CFO, Bassat funneled money into a bank account in his name by cashing paychecks written to a fictitious employee, along with reimbursement checks for fraudulent expenses.

A one-time client of the agency with an extensive criminal history, Bassat remains free on bail until June 10, when he must surrender at the county jail.

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