Elk County Humane Society Financial Advisor Indicted on Fraud and Money Laundering Charges
|U.S. Attorney’s Office October 16, 2012|
ERIE, PA—A resident of Matthews, North Carolina has been indicted by a federal grand jury in Erie on charges of wire fraud and money laundering, United States Attorney David J. Hickton announced today.
The 11-count indictment named Richard Danz, 47, as the sole defendant.
According to the indictment presented to the court, Danz was the financial advisor/accountant for the Elk County Humane Society. From in and around September 2008 to in and around June 2012, Danz embezzled $422,017.81 from the Elk County Humane Society and another client for his own personal use.
The law provides for a maximum total sentence of 110 years in prison, a fine of $2,750,000, or both. Under the Federal Sentencing Guidelines, the actual sentence imposed would be based upon the seriousness of the offenses and the prior criminal history, if any, of the defendant.
Assistant United States Attorney Christian A. Trabold is prosecuting this case on behalf of the government.
The Federal Bureau of Investigation and the city of St. Marys, Pennsylvania Police Department conducted the investigation leading to the indictment in this case.
An indictment is an accusation. A defendant is presumed innocent unless and until proven guilty.