Friday, November 19, 2010

Many Are Dropping Like Flies to Greed

Some originally well intentioned people are falling like flies to greed if these Fraud Blog stories are any indication.  The first one is someone who served as a director for 35 years for the Pennsylvania Rape Center.

Mary Beth Semerod, 55, of Pottsville, Pennsylvania, was indicted on charges she embezzled some $100,000 from the Schuylkill County Rape and Victim Assistance Center where she had served as executive director. According to the indictment, Semerod misappropriated the funds over a 2 year period from June 2006 until June 2008. The center has since been closed down and Semerod resigned in August 2008 after failing to comply with audit requirements, after serving as its director of 35 years.


Amy McKinley Moore, 43, of Garner, North Carolina has been charged with larceny by employee in excess of $100,000 and obtaining money by false pretenses in connection with an alleged embezzlement of some $394,000 from Garner Volunteer Fire-Rescue, Inc. (GVFR), where she had been employed as an administrative assistant. According to authorities, Moore wrote hundreds of checks to herself over a 7 year period between 2003 and 2010. Moore's husband, David Moore, is a detective with the Raleigh Police Department. (Note this lady looks like a crack addict)

John A. Eichner, 49, of Montvale, New Jersey pleaded guilty yesterday to wire fraud and tax evasion charges in connection with the alleged embezzlement of some $2 million from the Harold M. Pitman Company, where he had served as Executive Vice President and Chief Financial Officer. According to prosecutors, Eichner falsified expense reports over a period of six years from 2003 through 2009. Authorities also alleged that Eichner caused wire transfers of company funds to pay for personal expenses and luxury travel and goods, including $30,000 for cases of wine purchased through the Southeby's auction house.

 
Edward Gerard Payton, 50, of Charlotte, North Carolina, was indicted on health care fraud charges related to the alleged embezzlement of some $147,000 from Mecklenburg Open Door, a non-profit which provides mental health services and housing to local mentally ill individuals, for which he had served as Executive Director. According to authorities, Payton misappropriated the non-profit's funds by personal use of its credit cards and by receiving extra income through checks authorized as "loans" or "advances" which were never repaid. The five count indictment charged Payton with one felony count of Theft and Embezzlement in Connection with Healthcare and four felony counts of Theft and Embezzlement Concerning Programs Receiving Federal Funds. The scheme spanned a period of more than three years, from January 2007 to April 2010, according to the indictment.

Sujata "Sue" Sachdeva, 47, of Mequon, Wisconsin, was sentenced to 11 years in federal prison for embezzling $34 million from Koss Corporation, where she had served as vice president of finance and secretary. Sachdeva pleaded guilty in July to six counts of wire fraud in connection with the case. She has also agreed to pay full restitution. Sachdeva's attorney sought leniency due to her cooperation in the case whereas prosecutors sought 16 to 20 years. The Milwaukee Journal Sentinel, which has been all over this story, quotes her in court today at sentencing: "I stand before you today truly remorseful. You have been my family, my friends and my co-workers for many years. I know you have been deeply hurt by my dishonesty in ways I never intended."

Mary Elizabeth Carter, 46, last known to be living in Portland, Oregon, is being sought by Troutdale, Oregon police for her alleged involvement in embezzling at least $225,000 from several local businesses. Authorities claims Carter stole from local veterinary clinics where she apparently worked. They are seeking assistance in locating her whereabouts for outstanding felony warrants for aggravated theft. Carter, who is an Irish national, has a "slight" Irish accent and is described as white, 5 feet 7 inches tall and weighing 160 pounds. See photograph here. Troutdale police ask that anyone who might have information on her whereabouts to call them at 503-823-3333.

I must say, it's so sad to see so many women involved in this activity.  At one time I held women to higher standards above men when it came to not accepting they were capable of this kind of stuff on a large scale. Apparently, I was wrong.   These women ruin it for the rest of us hard working females.  The author of this material believes we'll be seeing much more of this kind of thing as the economy worsens. 

Source:  Fraud Talk Blog