Wednesday, December 16, 2015

North Carolina Man Sentenced To 10 Years For Massive $17 Million Embezzlement Conspiracy Scheme

From the Gaston Gazette on 12/15/15:
An Iron Station man will spend a decade in prison for laundering money to pay for strippers, jewelry, a Mercedes-Benz and a lavish home.
James William Staz, 44, was sentenced in federal court Tuesday.
Staz and his father, William “Bill” Staz were arrested on federal charges more than a year ago, and both later pleaded guilty.
The elder Staz died at the age of 72 in his Huntersville home in May while awaiting sentencing, and his charges were officially dismissed in court Tuesday.
Both men had already admitted in court to using their payroll company to take more than $17 million from clients over the course of seven years.

Thursday, December 10, 2015

Tuesday, December 8, 2015

Another Major Embezzlement inVermont: Non-profit Reports Possible Loss of "Hundreds of Thousands"

From VtDigger on 12/8/15:

A bookkeeper for a major Vermont nonprofit is under investigation for embezzlement, according to the organization’s top executive.

Hunger Free Vermont executive director Marissa Parisi said Tuesday that the organization believes that the employee may have been embezzling funds for years. The full extent is not yet clear, but she said that the total amount could be significant.

“We actually think the loss could be in the hundreds of thousands,” Parisi said.  ...

The Burlington Free Press also covered the story:

The leader of Hunger Free Vermont says an employee embezzled thousands of dollars from the organization's reserve fund, deceiving fellow employees and auditors for about a decade.

Executive Director Marissa Parisi said in a statement Tuesday that she was "devastated" by the discovery.

Parisi declined to name the employee or discuss criminal charges until an FBI review is complete. The employee had "bookkeeping responsibilities" and had held the position for 11 years, she said.
The employee has been fired, but no criminal charges have been filed.  ....