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Sunday, December 19, 2010

Former credit union official charged with embezzling in Michigan

A retired Muskegon High School assistant principal has been charged with embezzling thousands of dollars from a teachers’ credit union where he was office manager.

Kenneth Richard Doctor, 62, of 5451 Davis is scheduled for a preliminary examination Jan. 5 on a charge of embezzlement from a financial institution. That’s a felony punishable by up to 20 years in prison.

Doctor was arraigned Nov. 29 and is free on a $10,000 signature bond, according to court records.

Brett Gardner, chief assistant Muskegon County prosecutor, said Muskegon police reports indicate Doctor allegedly used money from the Muskegon Teachers Credit Union “for his own personal use and gain” over a period of time through August 2008. The money — totaling more than $6,000 — allegedly was spent on “personal items” in several transactions, Gardner said.

Police reports indicate Doctor was office manager and treasurer of the board of directors of the credit union, located at 1150 Amity. The alleged missing money was uncovered as the result of an audit in the summer of 2008 that resulted in Doctor’s suspension, Gardner said.

Fredric Balgooyen, the Muskegon attorney listed in court files as representing Doctor, could not be reached for comment.

Doctor earlier worked as assistant principal and dean of administrative services for Muskegon High School.

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