Ohio Country Treasurer Sentenced to 10 Years for Embezzlement
The former treasurer from Stark County Ohio was sentenced to 10 years in prison for embezzlement of public funds.
According to Ohio.com, Vincent J. Frustaci embezzled nearly 3 million dollars in county funds over a 4 year period. He was sentenced to a maximum prison term of 10 years in prison for first degree felony embezzlement under Ohio criminal law.
He will be required to attempt to pay back some of the stolen funds. They will take 25% of his income while in prison, and 20% of his gross earnings after he is released. It is not clear what his actual income earning potential is, either in or out of prison, and it is probably not likely he will ever be able to pay back more than a fraction of that large sum.
Frustaci admitted to having a serious gambling addiction, and blew through most of the money in casinos, much of it at the craps tables.
As is always the case with embezzlement charges, when people go on for years stealing large amounts of money before they are caught, the question of “how did it take so long for anyone to notice” is always asked.
The truth is that independent auditing takes a while to root these things out. If the person entrusted with the money is actively covering up the thefts and obstructing outside investigations, it can take a long time to identify the missing funds.
Maybe that’s why this guy is so angry.
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[...] a recent case of an Ohio county treasurer embezzling nearly $3 million dollars, the judge did sentence him to 10 years in prison, which is the maximum [...]