PORTLAND, Maine — A Maine credit union employee accused of embezzling more than a half million dollars is going to federal prison.
U.S. Attorney Thomas E. Delahanty II says 42-year-old Marsha Richard of Topsham was sentenced Monday to 33 months in prison for theft by a credit union employee.
Prosecutors say Richard stole the money from Atlantic Regional Federal Credit Union in Brunswick by manipulating accounting entries for checks that credit union members had deposited but that had been returned for insufficient funds. She pleaded guilty in September.
The credit union, not the individual members, suffered the loss from Richard’s theft. Brunswick police and the FBI led the investigation.
So by this math, ROBert Nutting should receive 82.5 months for stealing $1.25 million from MaineCare (re: The Maine TAXPAYERS that ROBthePUBLICANs claim to represent).
Oh, but as Speaker… he gets a “Community Chest” card!
Just one difference. Nutting was not charged with a crime and was not found guilty of committing a crime. Is that special treatment? How was the determination that he made clerical errors and not criminal acts made? I dont know.
60 minutes is waiting to hear from you. Just do it
good question……..if she was Nutting………..it would have been a clerical error, not stealing……..
$500,000 / 33 months = $15,151.515 per month……the 33 months was not enough time for the amount of money!!! That’s not including that she will be out sooner for good behavior. ah and they say crime doesn’t pay!
She will get 51 days off her sentence for each year she serves in Federal Prison. It will very likely be a Federal Prison in West Virginia or in Danbury, CT where she will be housed.
Years ago the Wall Street Journal wrote an article that essently argued that the most profitable crime was embezzlment; lots of money and light prison sentences. This case only reinforces the argument.
She got a nice deal. When she pleaded guilty in September, it was reported that she faced a maximum sentence of 30 years in prison and a $1 million fine. As far as I can tell, the money was never recovered. The credit union and FBI couldn’t find it in any other banks nor did she live a lavish lifestyle.
She’s either a modern day Robin Hood or there’s a shoebox buried in the back yard.
Where’s sprucedweller complaining about Wall Street malfeasance, as if it doesn’t live and dwell happily here in Maine?
you can get 5 years for robbing a convenience store for a couple of hundred dollars but only 33 months for 500,000
our justice system is so screwed up.
How about the ATTORNEY from Presque Isle who “forgot” to pay taxes for 6 years and then had to serve something like 10 days in the bighouse. Screwy system is right!
This is a crime in itself … If I didn’t know better, I’d think it was a misprint. Ridiculous.
This why bank employees are bonded, the bank lost nothing, it’s the insurance company who is out the dough………….minus premiums paid by the bank of course.
As a credit union member, I’d much rather see her out of jail working, with hopes she can pay at least some of it back. When she gets out of jail, she will be unemployable and never be able to pay anything back.
You just can’t make that kind of money being honest. Until we get tougher laws, people are going to take the chance . With good time she will be out in 24 months.Really for 1/2 million dollars, its a good retirement investment. The voters need to demand tougher laws and pay backs.
Disgusting! minor drug crimes that don’t hurt anyone can lead to extreme sentences while white collar crimes like these get light sentences. It shows that our justice system is warped and psychopathic. Shame on you legislators! Shame on you uptight/anal citizens that allowed such a system to evolve; Shame on you prosecutors whose value system supports such insanity.