Palm City homeowner arrested on $5.7M embezzlement charges

 

Klein entered these checks into the MVFD’s books as having been made payable to various vendors that sold firefighting equipment or services used by fire departments. (Source: Hudson Valley News Network)

From Hudson Valley News Network: Michael Klein, 48, of Mahopac, New York, and Palm City, the former treasurer of the Mahopac Volunteer Fire Department, has been charged with one count of wire fraud, which carries a maximum sentence of 20 years in prison, and six counts of subscribing to false tax returns, each of which carries a maximum sentence of three years in prison.

Klein embezzled more than $5.7 million by writing more than 275 checks over a period of more than 13 years.  He used the money to purchase, among other things, yachts, including a 55-foot Neptunus motor yacht named “K’Bam;” a second residence in Palm City, Florida; and jewelry.

For the complete story: http://hudsonvalleynewsnetwork.com/2016/06/15/fd-treasurer-arrested-embezzling-5-7m/

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