Banker sentenced for embezzling more than $225K from his employer
March 31, 2011
Total Loss:
$225,000
The former director of the Western Mass. Electric Co. Credit Union must serve four years of supervised release, including one in home confinement, for embezzling more than $225,000 from his employer before retiring in 2006.
At the suggestion of a prosecutor, Judge Michael A. Ponsor took the unusual step of ordering the defendant, Robert W. Koss, 68, of Ludlow, to write a letter of apology to the Springfield-based credit union he ran for three decades.
Source:
Mass Live
Posted in:
Internal Fraud