KENTUCKY COUPLE INDICTED FOR EMBEZZLING PENSION ASSETS

Archived News Release — Caution: Information may be out of date.

A federal grand jury has indicted a Lexington, Ky. couple for embezzling approximately $7,000 from their company’s profit sharing plan, according to the U. S. Department of Labor.

Joseph R. Menez, Regional Director of the department’s Cincinnati Regional Office of Pension and Welfare Benefits Administration (PWBA), announced that a federal grand jury returned an indictment charging A. L. and Katherine Roark with criminal violations relating to embezzlement from an employee beneft plan.

On or about January 28, 1994, the Roarks embezzled approximately $7,000 from the A. L. Roark and Associates, Inc. Profit Sharing Plan, a pension plan covering 12 participants. The Roarks allegedly embezzled the money for their own personal use.

If convicted, the defendants face maximum penalties of five years in prison, $250,000 in fines, supervised release for a period of no more that 3 years, and payment of appropriate restitution to the plan.

The indictment resulted from an investigation conducted by PWBA’s Cincinnati Regional Office. The indictment was filed in the federal court for the Eastern District of Kentucky and is being prosecuted by the U. S. Attorney’s Office in Lexington.

(U. S. v. Roark)

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Archived News Release — Caution: Information may be out of date.

Contact Name: GLORIA DELLA
Phone Number: (202) 219-8921