Friday, January 14, 2011

Pennsylvania Man Pleads Guilty To Charges He Embezzled $5 Million From University

Stephen C. Greb, 58, of Blue Bell, Pennsylvania pleaded guilty to charges he embezzled some $5 million from La Salle University where he oversaw the institution's food services. According to authorities, Greb created a fictitious food vendor called Sunshine Foods and then authorized payments over a period of at least 20 years. The scheme was discovered after the university put in place a new and enhanced invoice control system.

Read the story here, here and here.

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