$2M Defalcation

by Dave Wirsching on November 21, 2008

It looks like we’ll be seeing a new wave of defalcations as the market gets tighter and tighter:

Woman Accused Of Taking $2M From Job – News Story – WNEM Saginaw

A Grand Blanc woman has been charged with 17 felony counts related to her embezzlement of more than $2.24 million from her employer.Genesee County prosecutor David Leyton said that Melissa Bosek, 32, of Grand Blanc, concocted a scheme of using bank deposits, wire transfers, and checks to steal money from Bell Title, a Michigan title company with offices located around the state.

When a audit was completed, Leyton said 13 checks totaling $2,244,676.10 was taken from Bell Title’s account, made payable to the bank and then deposited directly into Title Michigan’s account which had remained opened.

Posted from Diigo. The rest of my favorite links are here.

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