A California nun will plead guilty to swindling over $800,000 from the Catholic elementary college she ran to help pay for her gambling trips, federal prosecutors mentioned.
Sister Mary Margaret Kreuper, 79, was charged Tuesday with wire fraud and cash laundering for ripping off St. James Catholic Faculty for a interval of 10 years ending in September 2018, in accordance to a press launch from the US Legal professional’s Workplace within the Central District of California.
Kreuper, who was the principal of the college for 28 years, agreed to plead guilty as a part of a cope with prosecutors, the discharge mentioned.
Kreuper used her place to funnel $835,339 of the college’s funds “to pay for bills that the order wouldn’t have authorised, a lot much less paid for, together with giant gambling bills incurred at casinos and sure bank card costs,” in accordance to the plea settlement.
The nun was in command of overseeing tuition cash, charges the college obtained and charitable donations, prosecutors mentioned.
She additionally managed the college’s credit score union accounts, which she used to divert different funds into that she would then use for the spending, in accordance to prosecutors.
Prosecutor mentioned she additionally admitted to falsifying the college’s monetary data.
She is due to be arraigned on July 1.