Close Menu
Invest Insider News
    Facebook X (Twitter) Instagram
    Wednesday, May 27
    Facebook X (Twitter) Instagram Pinterest Vimeo
    Invest Insider News
    • Home
    • Bitcoin
    • Commodities
    • Finance
    • Investing
    • Property
    • Stock Market
    • Utilities
    Invest Insider News
    Home»Finance»Former Homewood finance director pleads guilty to embezzling nearly $950,000
    Finance

    Former Homewood finance director pleads guilty to embezzling nearly $950,000

    August 17, 20243 Mins Read


    The former finance director for the City of Homewoodpleaded guilty to embezzling nearly $950,000.

    United States Attorney Prim Escalona and FBI Special Agent in Charge Carlton Peeples said Friday 64-year-oldRobert Winston Burgett was charged with three counts of wire fraud.

    SEE ALSO:Calhoun County jail accounts clerk arrested after allegedly stealing more than $40,000

    SEE ALSO:Jefferson County man indicted for securities fraud involving biotech startup

    According to the information and plea agreement, Burgett worked for the city between at least May 2023 and about March 2024.

    During that time Burgett admitted to using that position to embezzle the money from the city’s bank accounts.

    Authorities said Burgett concealed his conduct by first moving the city’s funds into a commercial bank account he controlled before transferring the funds into his personal account.

    Authorities said Burgett also altered city bank account statements and made false journal entries in city accounting records. Authorities said Burgett ultimately used the embezzled funds for personal purposes.

    The court will set a date for Burgett to enter his guilty plea.

    The FBI and the Homewood Police Department investigated the case with assistance from the Alabama Department of Examiners of Public Accounts.

    Last October, the ABC 33/40 News I-Team exposed questionable credit card spending by the city. Burgett at the time defended the city’s practices. Our report got the attention of state auditors who took a closer look at Homewood’s financial records. That led to the discovery of the embezzlement.

    Homewood MayorPatrick McClusky provided the following statement after Burgett’s plea agreement.

    The City of Homewood was made aware this afternoon that the FBI’s investigation into former finance director, Robert Burgett has resulted in Mr. Burgett pleading guilty to all of the charges against him. The City appreciates the work of the FBI, the US Attorney’s office, the Jefferson County District Attorney’s office, and the Homewood Police Department in investigating this incident swiftly and thoroughly since it was reported to them by the City of Homewood. The City will continue to work with each of those entities through any further investigation.

    Burgett’s attorney Tommy Spina also provided a statement.

    Mr. Burgett has from day one accepted responsibility for his actions and has expressed extreme remorse and contrition for his actions. He blames no one but himself. He gave up his right to have his case presented to a grand jury and signed a written plea agreement without wasting judicial resources to move the process forward expeditiously. Today’s public filing was simply the formalization of his admission of guilt.



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Previous ArticleBloomberg seeks a Nordic finance reporter in Stockholm
    Next Article What’s Happening? Is This Bitcoin (BTC) Resistance Unbreakable? Ethereum (ETH) On Verge of Fundamental Crisis?

    Related Posts

    Finance

    Your Finance Team Doesn’t Have A Speed Problem

    May 26, 2026
    Finance

    How Finance Leaders Drive Growth During Market Changes

    May 26, 2026
    Finance

    Finance ministry updates travel allowance for public sector workers

    May 26, 2026
    Leave A Reply Cancel Reply

    Top Posts

    How is the UK Commercial Property Market Performing?

    December 31, 2000

    How much are they in different states across the US?

    December 31, 2000

    A Guide To Becoming A Property Developer

    December 31, 2000
    Stay In Touch
    • Facebook
    • YouTube
    • TikTok
    • WhatsApp
    • Twitter
    • Instagram
    Latest Reviews
    Utilities

    Groups Push FCC to Reform Utility Pole Replacement Policies

    August 6, 2024
    Bitcoin

    BTC edges down as FTX prepares for $1.6 billion creditor payout

    September 30, 2025
    Stock Market

    Market ‘overreaction’ damaged LSEG’s valuation, analyst says

    August 15, 2025
    What's Hot

    South32 Rides High Commodity Prices, Streamlines Portfolio

    July 21, 2024

    Dow ekes out third straight record, S&P 500, Nasdaq slide with jobs report on deck

    February 10, 2026

    S&P 500 has its best day since 2022 as stocks rally after encouraging labor market data

    August 9, 2024
    Most Popular

    Nvidia will invest up to $100B in OpenAI to finance data center construction

    September 22, 2025

    4 Utility Stocks Poised to Outperform in the Upcoming Earnings Cycle

    August 4, 2025

    Kansas’ Moran, Davids sound alarm on delay of USAID food aid to starving people worldwide

    February 7, 2025
    Editor's Picks

    Crude oil futures fall amid expectations of weaker US demand

    August 28, 2025

    Stock market crash: Nikkei, Kospi, Hang Seng slide up to 2% after Wall Street sell-off

    November 6, 2025

    Stock market today: A widespread rally sends Wall Street to records, and the Dow leaps 740 points

    July 16, 2024
    Facebook X (Twitter) Instagram Pinterest Vimeo
    • Get In Touch
    • Privacy Policy
    • Terms and Conditions
    © 2026 Invest Insider News

    Type above and press Enter to search. Press Esc to cancel.