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Wednesday, March 28, 2012
The former CFO of American Homecare Hospice in Talladega has been charged with bank fraud totaling $466,500. Royce Leon Washburn, Jr., is charged with bank fraud for embezzling money from the hospice account at Alabama Trust to his personal account, U.S. Attorney Joyce White Vance said in a release Wednesday. Financial records revealed Washburn was writing checks to himself and also receiving direct deposit amounts in his personal account that exceeded his authorized salary, White said. Washburn, a 49-year-old man from Sylacauga, served as the CFO for American HomeCare Hospice from January 2007 until he was fired in December 2011. According to court documents: "Washburn would either approve the direct deposits that greatly exceeded his approved salary, or would use the signature of the owner of AHH to embezzle funds from the company's bank accounts. Washburn issued approval for the direct deposits and submitted the false checks without the knowledge or authority of the hospice company owner, thereby materially misrepresenting his authority to the bank that held American HomeCare's accounts. Washburn embezzled a total of $466,500 from Alabama Trust." If convicted, Washburn faces a maximum sentence of 30 years in prison and a $1 million fine.
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Keywords: Talladega, American Homecare Hospice, fraud, Alabama Trust,
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