Monday, August 24, 2009

New York Dairy Cooperative Administrator Pleads Guilty To $600K Embezzlement

Cheryl A. Nelli, 54, of DeWitt, New York, has plead guilty to embezzling nearly $600,000 from the Dairylea cooperative based in Syracuse where she had been employed as an administrator. According to prosecutors, Nelli's scheme involved inflating the amount the cooperative owed to farmers and created phony entities she would issue checks to and take the proceeds. The scheme started in May 2002 and continued until May 2009 when it was discovered and Nelli was terminated. The amount stolen totaled $595,000.

Read the story here, here and here.

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