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.