Government investigators are attempting to take possession of dozens of boxes, binders and plastic containers holding thousands of sports cards as they seek to recover more than $1.1 million in assets a Michigan woman is accused of acquiring while embezzling from her employer.
Government agents say Susan Morrison diverted money from the accounts of Munson Regional Health Care in Traverse City and its foundation into accounts she set up under the name of “Great Lakes Bear Factory of Traverse”.
Morrison had worked for the hospital from 2000-April 28 of this year but federal investigators say she didn’t start embezzling money until 2007. Less than four years later, she had accumulated large sums of money, some of which she spent “for her own personal enjoyment” according to court records obtained by Sports Collectors Daily. Part of that “enjoyment”, U.S. attorneys say, was buying sports cards.
As part of the case, the government is seeking to recover the stolen money and other assets, including 16 monster boxes filled with unspecified cards, 38 smaller boxes, six large plastic totes, six three-inch binders and four Press Pass “wooden boxes” containing cards. The value of the cards isn’t listed, nor are the specific contents.
Morrison allegedly stole the user name and password of a co-worker to complete part of her scheme. Investigators say she created fake payees, with the money going to her account at a local bank. She also is accused of moving some of that money to her girlfriend’s account at a different financial institution.
She’s scheduled to be arraigned August 25 in U.S. District Court in Grand Rapids.