Two nuns from California embezzled $500,000 from their local school they worked at for many years and spent the money on vacations and gambling.
Bank statement show that Sister Mary Margaret Kreuper and Sister Lana Chang embezzled funds from St. James Catholic School in Torrance for at least a decade, the Press-Telegram reported last week.
Officials from the Archdiocese of Los Angeles told parents and alumni of the school that auditors have not been able to trace all of the money the nuns have spent.
Sister Mary Margaret Kreuper retired as the school’s principal earlier this school year. Kreuper managed the school’s fees withholding and depositing into an account she and Sister Chang had access to, the newspaper said.
Investigators discovered that the nuns did give some of the money back to the school, but most of the money was used on personal expenditures.
An attorney for the Archdiocese said the two nuns had histories in their expenditures of spending money at casinos and trips when reviewing their personal bank accounts.
Both nuns have recently apologies and said they plan to pay the school back full restitution.
CA: 2 Nuns Accused of Stealing ‘Substantial’ Amount of Money From South Bay Catholic School.
Principal, Sister Mary Margaret Kreuper, and teacher Sister Lana Chang.
“Substantial” amount of school funds for their personal use.https://t.co/nIiuz3JiDR
— Dalton (@DaltonReport) December 1, 2018