Thursday, October 30, 2014

Maine Woman Sentenced For Embezzling $365K From Local Charitable Concern

From the Associated Press on 10/29/2014:

A Brunswick woman who embezzled more than $365,000 from a Wiscasset nonprofit where she worked has been sentenced to 20 months in prison.

Federal prosecutors say 41-year-old Stacey Backman was also ordered Tuesday to pay restitution to Coastal Enterprises Inc., where she worked as an accountant.

Backman pleaded guilty in June to embezzling the money over nearly four years, starting in 2010, and failing to report the income on her federal income tax returns. Part of the scheme involving using the organization's credit cards for personal expenses.

She was fired in January.

Coastal Enterprises Inc. is a charitable community development corporation and community development financial institution that received federal funds.

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