Friday, March 25, 2011

Missouri Man Pleads Guilty To $769K Embezzlement

Glenn Wade Muir III, 45, of St. Joseph, Missouri, pleaded guilty yesterday to charges he embezzled $769,006 from two related companies that provide nursing home and in-house care services, for which he had served as CFO: Quality of Life Management Inc. and Saxton's Christian Care and Investments Inc. According to authorities, Muir stole the funds over a five and a half year period, between January 2004 and August 2009, by forging the owners signatures on company checks. On May 28, 2009, Muir reportedly left work after stealing approximately $24,496 from a locked safe in the office, cleaned out his personal items at his home and fled after the misappropriation came to light. However, he was arrested on October 25, 2010 in Las Vegas, Nevada. He has plead guilty to one count of bank fraud. Muir also owes $239,406 to the IRS for taxes plus interest and penalties on the ill-gotten monies.

Read the story here and here.

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