Accused Embezzler Pleads Guilty, Faces Maximum 3 Years in Prison
BAY CITY, Mich. (AP) _ A man who disappeared for four years after embezzling more than $1.1 million from a bank where he worked has pleaded guilty to embezzlement, a prosecutor said Tuesday.
Ronald E. Denslow entered the plea Monday after the government agreed to recommend a sentence of no more than three years in prison, said Assistant U.S. Attorney Janet Parker. He could have faced up to 65 years.
A tip from a viewer of the ″Unsolved Mysteries″ television show led to Denslow’s arrest Aug. 8 at Gardnerville, Nev., where he was living under an assumed name. He had disappeared in November 1985.
Denslow was accused of embezzling $100,900 from the Mount Pleasant branch of the Bank of Alma, where he worked, as well as depositing two $500,000 cashier’s checks drawn on phony accounts he set up at the bank.
The bank got wise to the embezzlement and stopped Denslow from getting his hands on most of the money, Parker said.