TSR Updates: What inside Sister Mary Clarence is going on in California. Do y’all keep in mind the 2 nuns from Torrance who ran up the funds to go on enjoying vacays? Well actually certainly one of them is ready to plead responsibly.
Federal prosecutors filed costs as we communicate in the direction of now-retired 79-year-old Mary Margaret Kreuper, who has agreed to plead accountable to fraud and money laundering costs for stealing higher than $835,000 at college funds to pay for personal payments, along with enjoying journeys.
Kreuper, who was the principal of an elementary school in Torrance, was charged Tuesday with one depend on wire fraud and one depend on money laundering, based mostly on the U.S. Attorney’s office of the Central District of California. Kreuper agreed to plead accountable to the 2 costs that carry a most statutory penalty of 40 years in federal jail.
For an interval of 10 years ending in September of 2018, Kreuper embezzled money from St. James Catholic School, based mostly on prosecutors. As principal of the varsity for 28 years, Kreuper was liable for the money the varsity acquired to pay for tuition and prices, along with charitable donations.
Kreuper was accountable for quite a lot of accounts at a credit score rating union, along with monetary financial savings account for the varsity and one established to pay the dwelling payments of the nuns who had been employed by the varsity.
“Kreuper, who as a nun had taken a vow of poverty, diverted school funds into the St. James Convent Account and the St. James Savings Account and then, as she admitted in her plea agreement, used the diverted funds ‘to pay for expenses that the order would not have approved, much less paid for, including large gambling expenses incurred at casinos and certain credit card charges,’” based mostly on the knowledge launch.
Kreuper moreover admitted in her plea settlement that she falsified month-to-month and annual experiences to the varsity administration to cowl her tracks and tricked St. James School and the Administration into believing that the varsity’s funds had been being accurately accounted for and its financial belongings accurately safeguarded, based mostly on prosecutors.
But it is going to worsen. The felony knowledge moreover alleges that Kreuper directed the varsity’s employees to vary and destroy financial knowledge all through a college audit.
Kreuper admitted that, over the course of the scheme, she precipitated losses to St. James Catholic School totaling $835,339, based mostly on prosecutors. Kreuper has agreed to search for arraignment on July 1.
Chile, what a ball of confusion. We’ll maintain you posted on this one.