A former FDIC employee was indicted March 17 for allegedly embezzling and laundering $138,500 in agency funds, according to the FDIC inspector general.

Douglas Peklo of Woodbury, Conn., who was a liquidation specialist in South Brunswick, N.J., pocketed the money while overseeing a New Jersey marina that the agency seized as collateral on a defaulted loan, the inspector general's office said.

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