Thursday, November 20, 2008

Former Bay Area Non-Profit Finance Director Pleads No-Contest To Embezzlement

Amado Villanueva, 69, of South San Francisco, California, plead no contest today to charges of embezzling $82,000 from Daly City-based non-profit, California Health Initiatives Inc. He will spend 90 days in the San Mateo County jail and must make restitution. Villanueva was employed as the treasurer of the non-profit and arrested more than 2 years ago when the executive director discovered the thefts, according to prosecutors. Over a three year period, Villanueva made numerous withdrawals from the agency's sole bank account to which he had access as treasurer. A hearing in January is set to determine the amount of restitution.

Read the story here.

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