Thursday, November 20, 2014

Massachusetts Woman Indicted For Allegedly Embezzling From Retirement Community

From The Republican on 11/19/2014:

The former manager of an East Longmeadow retirement community is under federal indictment for allegedly embezzling funds from the facility.

Alice Lacroix, 53, formerly of East Longmeadow, was arrested in Virginia and charged with eight counts of wire fraud, eight counts of money laundering, and two counts of aiding and abetting the filing of false tax returns, U.S. Attorney Carmen Ortiz announced Wednesday.

The indictment alleges that Lacroix, a former manager of Bluebird Estates, a retirement living community off Parker Street, embezzled funds from her employer by stealing rent checks paid by tenants, as well as other checks and property belonging to her employer.

Authorities say Lacroix established a bank account in the name of Bluebird Estates and deposited the stolen funds into that account. Lacroix then engaged in financial transactions designed to disguise the proceeds of the fraudulent scheme, according to prosecutors.

Lacroix deceived her employer through emails containing false information about the stolen rent payments, then "aided and abetted in the filing of false income tax returns," prosecutors said.

Authorities did not indicate how long Lacroix had managed Bluebird Estates, or how much money she allegedly took during her tenure at the facility.

If convicted, she faces up to 20 years in federal prison, hefty fines and other penalties.


Read the whole story here.

Note: We assume that although no amount has yet been disclosed, this case involves more than $100,000 since it is being prosecuted on a federal basis.

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