Thursday, December 30, 2010

Embezzlers Who Couldn't Wait to Win the Lotto - Part 2

This post isn't about anything other than just your every day kind of people caught up in greed and schemes to get to their employer's money.  A continuation from my Part 1 post a few weeks ago, I post these stories because it seems visitors want to read about embezzlers.  This doesn't mean I'm siding with greedy corporations by any means, it's just that there seems to be a growing desperation of working people to get a piece of the American dream they otherwise couldn't obtain working for another.  

Washington State Man Sentenced For Embezzling $500K

Dale N. Frantz, 46, of Gig Harbor, Washington, was sentenced to five years and eleven months in prison for embezzling more than $500,000 from Auto Warehousing Co., where he had served as chief information officer. According to prosecutors, Frantz submitted fraudulent expense reimbursements and phony invoices for goods and services never delivered to the company. Franz also allegedly conspired with Michael A. Newman, the owner of Florida-based Asyncritus Technology, who submitted false invoices that were paid and where Frantz would take a cut of the proceeds. Frantz' embezzlement scheme spanned about 2 1/2 years from May 2007 to September 2009. He had plead guilty to one count of wire fraud last week. We note that Frantz reportedly was convicted in 1996 in Indiana for embezzlement.  Read story here

Model Train Manufacturer in Missouri Victim of $200K Embezzlement Scheme

Jessica Harris, 30, of High Ridge, Missouri, has been arrested and charged with embezzling more than $200,000 from model train manufacturer, Micro Engineering, Inc., where she had been employed as office manager. According to reports, Harris forged checks for her own benefit over a period of about 5 years. According to her LinkedIn page, Harris is also the owner and co-founder of a arts and crafts business called Cap-itudes! Harris was an 8 year employee of the company.  Read story here

New York Man Indicted Indicted On Charges He Embezzled $200K From VFW

Ralph R. VanAlstyne Sr., 62, of Gloversville, New York was indicted today on charges he embezzled a total of more than $200,000 from three veterans organizations: the American Legion Harold Wilmont Post 137, the Veterans of Foreign Wars Bernard W. Kierney Memorial Post #2077 and the Fulton County Disabled American Veterans Chapter 122, where he held fiduciary positions. The 14 count indictment includes six counts of third-degree grand larceny, one count of second-degree grand larceny, one count of fourth-degree criminal possession of stolen property, three counts of first-degree falsifying business records and three counts of second-degree offering a false instrument for filing. According to prosecutors, VanAlstyne's scheme spanned nearly 4 years from January 2005 until December 2008. The scheme apparently involved the siphoning of funds from the organizations' revenues from gaming operations. Prosecutors alleged that VanAlstyne shifted funds between accounts in an effort to hide his thefts. Read story and see video here

Illinois Woman Charged In $1.2 Million Embezzlment Scheme

Tammy R. Weart, 52, of Des Plaines, Illinois, has been charged with embezzling some $1.2 million from Specialty Moving Systems where she had been employed as company controller. According to prosecutors, Weart made at least 96 unauthorized electronic funds transfers of monies from company accounts into her own accounts over a period of six years from November 3, 2003 through December 31, 2009. The total amount alleged to have been stolen by Weart is $1,169,632.16. Weart has been charged with theft, financial institution fraud and continuing a financial crimes enterprise. The embezzlement scheme was reportedly discovered by a co-worker who filled in for Weart when she was on a leave of absence.   Read story here

Maryland Man Pleads Guilty To Embezzling Nearly $700K

Curtis Philip Pietro, 50, of Hagerstown, Maryland, pleaded guilty yesterday to charges he embezzled at least $691,323.97 from Glessner Alarm & Communications where he had been employed as vice president of finance. According to authorities, Pietro who had been employed by the company since 1986, wrote himself extra paychecks since 2006. Pietro is also alleged to have transferred company funds to his own American Express account since 2004. Pietro pleaded guilty to two counts of theft scheme of more than $500 and five counts each of forgery and uttering. Investigators believe the losses caused by Pietro could climb to as much as $800,000 or more.  Read story here


The really sad part is when many people become filthy rich they start believing everyone's out to get their money while being of lower status and criminal. The line between those who simply work for another as  opposed to those featured in this story is starting to blur.  Guilt by association?  "I'm very wealthy and successful and, because you don't have near the money I have, this makes you a criminal element."  It's class warfare at its worst.

So when every day people such as these begin to set a trend, it affects all of us. 

Source:  FraudTalk Blog