Tuesday, March 4, 2014

Former Municipal Finance Director Sentenced For Embezzling $400+K From North Carolina Town

From the Lincoln Times-News:

The City of Cherryville’s former finance director will spend two years in federal prison after pleading guilty to embezzling more than $400,000 in city funds over a six-year period, according to the United States Attorney’s Office in the Western district of North Carolina.
A federal judge sentenced 59-year-old Bonny Verley Alexander on Friday, ordering her to 24 months behind bars followed by an equal time period of supervised release.
Alexander, who pleaded guilty in 2013 to five counts of program embezzlement for misappropriating city funds, federal authorities said, served as finance director for the City of Cherryville from 2005 through 2011, when she retired.
Over the six-year period, she stole city funds to “pay for personal expenses” including shopping and travel expenditures, a U.S. Attorney’s Office press release said.
Not only did she take an amount each week worth more than 300 percent of her actual salary but she also used American Express credit cards to pay for her private spending ventures.
The amount totaled just under $310,000, according to federal authorities.
Read the whole story here.

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