Embezzlement in Illinois

 Posted on April 24, 2012 in White collar crime

According to the Chicago Tribune, the Naperville Public Library’s board president has resigned amid embezzlement allegations. Napervillle police say that a warrant for 63-year-old Jerry Feldott’s arrest on theft charges was issued, and that Feldott turned himself in at the DuPage County Jail on April 19^th.

Feldott is accused of embezzling $25,900 from the North Edgewood Homeowners Association, between 2007 and 2012. His arrest came following a two-month police investigation instigated when the association’s president and vice-president reported the missing funds.

John Spears, the director of the Naperville Public Library, says that Feldott resigned from his board position via e-mail. Feldott is the owner of and a broker at Feldott & Associates, Ltd., a Naperville real estate firm.

Another recent news story tells of Dixon, Illinois, where the town’s comptroller was recently charged with embezzling nearly $30 million from the town, which had an annual budget of $8 million, to fund her horse training business.

Embezzlement is one of a group of crimes known as white-collar crimes in Illinois. Although it may lack the grandeur of other types of criminal charges, an embezzlement conviction can lead to severe penalties. If you’re facing embezzlement charges in Illinois, a top Cook County embezzlement defense lawyer may be able to get your charges reduced or dropped. If that is not a possibility, an experienced Cook County criminal defense lawyer can advocate for you to receive the least sentence possible. Embezzlement lawsuits should be taken seriously and handled by a skilled Illinois criminal attorney.