April 25, 2017

Resident charged with embezzlement

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.

Comments

  1. youngvt says:

    I am writing in response to Mr. Hoxworth’s article on transportation costs for the poor in Vermont. I would like to suggest further research on this topic before we simply just give another handout or tax credit. The poor, may, have a higher disproportionate burden on their transportation costs than the wealthier residents of Vermont; however, they also have a lower disproportionate burden on taxes and housing. Pick your evil.
    We can simply just give every poor Vermonter an energy efficient car, gas card, free tuition, renter’s rebate, etc.…but the only way out of poverty is through the combination of education, hard work, and discipline. Education and degrees are not handed out or purchased; a person has to EARN them. This seems to be the only way out of poverty—sorry, there are no shortcuts.
    If we continue this trend of enabling, our entire state will be a welfare state.

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