Friday, December 10, 2010

Catholic Nun Arrested for Embezzling Over $1.2 M; Was Vice President of Finance for Iona College

A Catholic nun, who served as the vice president of finance for Iona College in New York state, was arrested yesterday (December 9, 2010) for allegedly embezzling more than $1.2 million from the school, according to today's New York Daily News website.

Sister Marie Thornton, 62, was charged with stealing from the New Rochelle-based Catholic college over a 10-year period, beginning in 1999 by submitting false invoices and using a college-issued credit card, prosecutors said.

After she surrendered to authorities yesterday, Thornton pleaded not guilty at a Manhattan Federal Court arraignment. She was released without bail.

More than 4,000 students attend Iona College, which is located 20 miles north of Manhattan.

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