Friday, May 20, 2011

Virginia Woman Sentenced For Embezzling Nearly $100K

Mary Beth Lloyd, 41, of Richmond, Virginia, was sentenced to 16 months in prison for embezzling $98,156 from the Grace Covenant Child Development Center where she had been employed as director. Lloyd was also ordered to pay restitution in the amount of $136,396.34. According to prosecutors, Lloyd's scheme spanned a five month period between December 1, 2009 and May 1, 2010. Lloyd reportedly told parents to make tuition checks out in her name, falsely claiming as a director, she had a development center account as such. Lloyd deposited those checks directly into her own personal accounts.

Read the story here and here.

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