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A former bookkeeper for a cash-strapped Illinois town, who admitted embezzling $53 million to finance a lavish lifestyle centered on prize-winning horses, was sentenced Thursday to almost 20 years in prison.
Peregrine Financial Group's former chief executive embezzled more than $215 million from customers of his now-defunct futures brokerage, U.S. prosecutors said in court documents filed on Tuesday.
Federal agents have arrested a San Francisco Giants payroll manager on suspicion of embezzling more than $1.5 million from team accounts. Robin O'Connor, 41, faces federal felony charges of wire fraud and fraud in connection with a computer.