A Pennsylvania collector admits he took $400,000 of company money to buy sports cards and memorabilia.
The Associated Press reports a suburban Pittsburgh man pleaded guilty Thursday to embezzling more than $400,000 from the insurance company he worked for, using the money to buy "expensive sports cards, sports memorabilia and vehicles."
Federal prosecutors working the case say Richard Slonchka, 57, of Kennedy Township, was a claims adjuster with Universal Underwriters Insurance Co., now known as Zurich.
Between April 1997 and April 2002, Slonchka had the insurance company write 140 checks totaling more than $400,000 purportedly for workers’ compensation claims he had approved, prosecutors said. The money instead wound up in Slonchka’s possession.
Slonchka will be sentenced August 31st. No word on exactly what was purchased.