March 6, 2008
The Associated Press
A Williston man has been charged with embezzling more than $2.2 million from a captive insurance company where he was a senior vice president.
Kenneth MacKay, 36, is accused of using money from Willis Management to build a $1.9 million home, pay about $240,000 into college tuition savings plans for his five children and to buy a condominium in Florida.
MacKay, a former senior vice president at Willis, was arrested Monday after turning himself in to federal officials.
He was charged in federal court with engaging in a scheme to commit bank fraud, wire fraud and money laundering.