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Sunday, 29 November 2015

Man Charged with $1.4 Million MoneyGram Embezzlement

Kandywandy - 22:52:00

 MAN CHARGED WITH $1.4 MILLION MONEY GRAM EMBEZZLEMENT

Authorities in the U.S. Virgin Islands say they have arrested a man on charges related to the embezzlement of $1.4 million from a MoneyGram operation.
Police say 50-year-old Alvery Smith of St. Thomas was charged with embezzlement and forgery after
the former MoneyGram agent admitted he failed to deposit $1.4 million in a company account and used the funds for personal benefit.
He was detained Wednesday at a mall but police did not report the arrest until Sunday. He will remain in jail until a preliminary hearing after failing to post $95,000 bail.
Smith is identified in press reports as an owner of the Mail Plus business services chain that won a small business award in 2013. Police first announced a MoneyGram investigation in August.

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