This true-crime spotlights a woman in her late 60s who had worked for a non-profit, child development services organization for over 30 years. Her primary responsibility was financial operations—she spent her last eight years busily embezzling from the organization.
A new employee noticed some red flags in the finance department. An internal investigation began. Then the organization shared their findings with the authorities.
The non-profit ended the woman’s employment with them, and the authorities arrested her. She pleaded guilty to theft of federal funds. She’d opened a bank account in the name of the non-profit and funneled money from the business to the fraudulent account, then to her personal and business accounts. In eight years, she’d stolen over $4.7 million from the non-profit organization.
To begin to reimburse the non-profit, part of the plea deal required her to forfeit the proceeds from the sale of three homes, the sale of six airplanes and two vehicles.
A spokesperson from the United States Attorney’s Office said,
“It doesn’t get much worse than stealing from children.”
In federal court, a judge sentenced her to seven years in prison. Upon her release, she’ll be 75 years old and penniless. #truecrime #untrustworthy #embezzlement
Source: U.S. Department of Justice, The Hearld-Dispatch
The Fed is right, not much worse than stealing from children.