insurance finance news Former Comptroller Pleads Guilty to Stealing $259K from Louisiana Community College financial insurance news
Breaking-Finance.Com - The former comptroller for a community college in Louisiana has pleaded guilty to stealing more than $250,00 from her employer. Carol Bates, the former
Breaking-Finance.Com - The former comptroller for a community college in Louisiana has pleaded guilty to stealing more than $250,00 from her employer. Carol Bates, the former comptroller for Bossier Parish Community College (BPCC), pled guilty on July 20 before Chief U.S. District Judge S. Maurice Hicks Jr., to one count of conspiracy to commit wire fraud, according to the U.S. Attorney’s Office for the Western District of Louisiana. Bates admitted at the plea hearing that from 2013 to 2016, she used her position as comptroller of BPCC to access an internal BPCC computer database and make false entries falsely showing individuals were due refunds by the school. These individuals were not qualified to receive the funds, and, in most cases, they were not even attending BPCC during the semesters they received the money. As a part of the scheme, Bates and her sister, Audrey Williams, recruited Faith Alexander and Marquise Perry, along with seven other individuals to receive fraudulent refunds from BPCC. Once the individual received the funds, they were instructed to deliver between one-half and two-thirds of the money to Carol Bates or her sister, Audrey Williams. In total, Bates caused 45 fraudulent refunds totaling $259,591.87 to be issued. Alexander received eight refunds totaling $45,482.
. Perry received seven refunds totaling $49,524.65 from 2015 through 2016. The remaining 30 refunds were issued to seven other individuals who, after receiving the money, transferred two-thirds or half of it to Bates.
On Sept. 25, 2019, Bates, 49, along with her co-defendants, Faith Alexander, 28, Marquise Perry, 35, and Audrey Williams, 56, all of Shreveport, was charged with one count of conspiracy to commit wire fraud. In addition to the conspiracy to commit wire fraud, Bates was charged with 12 counts of wire fraud and Perry was charged with three counts of wire fraud.
Faith Alexander pled guilty on Feb. 19, 2020, to one count of conspiracy to commit wire fraud; Perry pled guilty on Dec. 9, 2019, to one count of wire fraud; and Williams entered a not guilty plea on Oct. 23, 2019.
Bates faces up to 20 years in prison, a $250,000 fine, and up to one year of supervised release. Sentencing will be set at a later date.Alexander and Perry also face up to 20 years in prison, a $250,000 fine, and up to one year of supervised release when they are sentenced on Sept. 2, 2020.
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