Monday, October 26, 2009

Iowa Finance Director Arrested For Allegedly Embezzling At Least $1 Million

Randy Gene Stringer, 46, of Clive, Iowa, was arrested last Thursday for allegedly embezzling at least $1 million from Des Moines-based DES Staffing Services, Inc., a temporary employment agency for which he had served as finance director. According to court records, Stringer allegedly withdrew as much as $3.6 million from company accounts since 2007. It is also alleged that Stringer transferred some of the funds to accounts controlled by his girlfriend, Yasmin De La Rosa Duran, in the Domincan Republic. Meanwhile, it is noted that Stringer is married to Vickie Stringer.

Read the story here and here.

Update (10/26/10): Stringer was sentenced to 15 months in prison and ordered to make restitution in the amount of $911,000.

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