Former Bookkeeper At Upstate New York Charter School Sentenced For Embezzling More Than $200K

From the Troy Record on 6/5/13:

A bookkeeper at an Albany charter school will spend at least five years behind bars for embezzlement after his sentencing Tuesday.

Ronald Racela, 49, received a sentence of 5 to 10 years behind bars for stealing more than $200,000 from the Brighter Choice Charter School where he worked as chief financial officer.

Racela’s sentencing Tuesday came after he pleaded guilty in March to one count of grand larceny.
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Between September 2011 and December 2012, Wise’s investigation revealed that Racela made a series of improper payroll entries to himself for a total of $208,837.45.

The inquiry also revealed that Racela had been on felony probation for a separate financial crime at the time he committed the fraud. Officials at Brighter Choice were unaware of his criminal background when he was hired as CFO.

Racela must also pay $174,400.08 in restitution.
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