A union official will have 366 days to contemplate her actions after being convicted of embezzling from Portsmouth?s Carpenters Union Local 437.
The woman worked as the union?s secretary. She was found guilty of writing $34,904 in checks payable to herself and her husband between March and October 2010.
The secretary tried to cover her tracks by fabricating emails showing the union?s president approved her actions.
Other union officials were tipped off to the scheme when the secretary attempted to transfer $50,000 from the union?s savings account into its building fund account before writing herself an unauthorized $50,000 check.
The union froze those funds before the check could be cashed.
In addition to a sentence of one year and one day in federal prison, the woman must pay back the embezzled funds to the union. Her husband received five years of probation for his part in the scheme.
Note: Always keep two sets of eyes on the books. Requiring two signatures on checks paid to contractors can often prevent common types of fraud.
Like what you've read? ...Republish it and share great business tips!
Attention: Readers, Publishers, Editors, Bloggers, Media, Webmasters and more...
We believe great content should be read and passed around. After all, knowledge IS power. And good business can become great with the right information at their fingertips. If you'd like to share any of the insightful articles on BusinessManagementDaily.com, you may republish or syndicate it without charge.
The only thing we ask is that you keep the article exactly as it was written and formatted. You also need to include an attribution statement and link to the article.
" This information is proudly provided by Business Management Daily.com: http://www.businessmanagementdaily.com/33497/portsmouth-couple-sentenced-for-embezzling-union-funds "
Source: http://www.businessmanagementdaily.com/33497/portsmouth-couple-sentenced-for-embezzling-union-funds
miss america pageant 2012 shipwreck jose aldo vs chad mendes lana del rey john 3 16 alex smith 49ers miss america 2012
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.