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Tuesday, January 10, 2012

Colorado Man Gets Probation After Embezzling $815K From Non-Profit

Colorado Man Gets Probation After Embezzling $815K From Non-Profit

Long Khong, believed to be 41, of Denver, Colorado, has been sentenced to just five years of supervised release for embezzling more than $815,000 from the Colorado Association of School Executives where he had been employed as manager of business services. Prosecutors alleged that over a period of about 7 years, from 2001 to 2008, Khong siphoned funds from the non-profit by abusing association credit cards. The court also ordered Khong, a Vietnamese refugee, to get a job and set aside at least 25 percent of his salary to pay restitution. He must also continue with gambling-addiction therapy and cannot place any bets.

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