Friday, May 6, 2011

Authorities Seek Massachusetts Man Who Allegedly Embezzled $100K From Church

Raiffeisen Regalado, 41, last known to reside in Methuen, Massachusetts, is being sought by authorities in connection with his alleged embezzlement of $106,570 from the Seventh Day Adventist Church in Lawrence where he had served as treasurer. The embezzlement occurred in 2006 and 2007, but charges were not brought until recently, after he failed to make restitution as he reportedly agreed to do with church officials. The thefts involved fraudulent transfers of funds from church accounts to Regalado's personal accounts over that two year period. According to his LinkedIn page, Regalado is a Senior Systems Technical Specialist at New York Life Insurance Company and own a couple of businesses together with his wife, Yajaira Regalado, R&Y Enterprises and YesInDeed Solution Corp.

Our sources put Regalado in Florida (Apollo Beach or Riverview).


Read the story here.


Anonymous said...

This man is innocent!
Let us then approach God’s throne of grace with confidence, so that we may receive mercy and find grace to help us in our time of need. Heb 4:16
May God's grace be with him as a solution comes to this problem

John said...

I know this guy he stole from individual church members to he tried to talk me into investing with him in forex. Unfortunitaly he stole from other church member 1000s of dollars. This is a very poor mostly Hispanic church in mass Lawrence is name of the city were the church is. Ray was a realy nice guy he and his wife jahida. We used to eat every sabbath together. He has two wonderfully children. Also he stole from his best friend 1000s of rollers he preached often part of the service. This man stole from god ! Pure greed !i I hope he is done. He needs to be sto