CHARLESTON, SC (WCSC) - A former chief financial officer for Crisis Ministries was sentenced to four years in prison for embezzling nearly half a million dollars from the homeless charity.
U.S. Attorney Bill Nettles said 56-year-old Carol Libby was sentenced in federal court in Charleston on Tuesday on a charge of wire fraud.
According to prosecutors, Libby embezzled more than $440,000 from the charity from 2006-2013.
Authorities say Libby caused more than 400 unauthorized checks to be issued to actual vendors and suppliers of Crisis Ministries. Libby then forged the names of the vendors on the back of the checks and wrote her bank account number under the forged endorsements.
A press release states that through a series of financial manipulations involving wire communications, Libby caused the unauthorized checks to be deposited into back accounts over which she had control.
The case was investigated by agents of the United States Secret Service and the Charleston Police Department.