Founder Of 2 Unions Guilty Of Embezzling Funds
WASHINGTON (AP) — A retired D.C. police detective has pleaded guilty to embezzling money from two unions he founded.
Prosecutors say JC Stamps, 67, of Upper Marlboro, Md., pleaded guilty to theft from an employee benefit plan after embezzling more than $190,000. He likely faces a sentence of 18 to 24 months in prison and must pay more than $194,000 in restitution and additional fines.
Prosecutors say Stamps founded the National Union of Protective Services Associations to represent security guards. He also founded the National Union of Law Enforcement Associations for police officers.
Between 2004 and 2008, he defrauded both unions, using their bank accounts to pay for his personal expenses, including hotel stays, clothing and men’s fragrances. He also ran a security company and used union funds to pay the company’s debts.
(Copyright 2013 by The Associated Press. All Rights Reserved.)