Tuesday, February 9, 2010

Former California Exec Sentenced In $832K Embezzlement Case

Milton W. Callan, 60, of Castaic, California, was sentenced to 41 months in prison for misappropriating some $832,000 from Lockheed Federal Credit Union where he had been employed as a vice president. According to prosecutors, Callan opened corporate accounts at various retail stores where he purchased electronics, gift cards, food and furniture for his own personal use. Callan had pleaded guilty last year to one count of embezzlement by a credit union employee. He was also oredered to pay $831,763.91 in restitution.

Read the story here and here.

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