Former CEO Pleads Guilty To Exaggerating Expenses
SPRINGFIELD, Mass. – The former president of Western Mass. Electric Co. Credit Union here has pleaded guilty to stealing some $225,000 from through falsified expense reports over the several years prior to his retirement in 2006.
Robert Koss, who appeared in court in a wheelchair because he said he has trouble walking long distances, admitted guilt to charges of embezzlement and filing a false tax return. Koss could be sentenced to as many as 33 months in prison at his sentencing on Jan. 21.
Koss has agreed to pay approximately $130,000 in restitution to the credit union, and has already paid $80,000 to reimburse its insurer, and placed another $50,000 in escrow for future repayments.