Charity founder, bank employee sentenced in fraud scheme
October 4, 2011
Total Loss:
$276,000
The founder of a D.C.-based charity and a Bank of America employee have been sentenced to prison for their roles in a fake-donations scheme.
Stephan Bekale, a former Penn State basketball player and founder of the D.C. nonprofit Hoops for Africa, was sentenced to two and a half years in prison for leading a scheme in which he and bank employees falsified donations to Hoops for Africa to get money for themselves through the bank's contribution-matching program.
Source:
Washington Examiner
Posted in:
Internal Fraud