.

Woman Accused of Embezzling From Trust Fund

Police say a then-Oak Creek resident was put in charge of a man's education fund but spent all of the cash before he saw any of it.

A 54-year-old Union Grove woman is accused of embezzling $27,000 in funds left from her dad's estate meant for a young man's education.

Suzanne J. Nelson was charged in Milwaukee County Circuit Court Wednesday with one count of embezzlement. If convicted, she faces up to five years in prison and $25,000 in fines.

According to the criminal complaint:

In 2006, Nelson, at the time an Oak Creek resident, was named a trustee of a trust fund set up by her dad to pay for a young man's education until he turned 25 years old.

Although her relationship to the victim is unclear in the complaint, Nelson instead opened up a bank account with the $27,302 from the trust, then began paying off debts and writing checks to herself.

She spent $28,000 from the account, causing it to go into negative balance and then get shut down in 2008.

The victim turned 25 in June and only got two $2,500 payments from Nelson for his education. When he contacted her about the balance, Nelson said there was $27,000 in the trust, but didn't provide proof.

She will make her initial appearance in court Dec. 28. 

Boards

More »
Got a question? Something on your mind? Talk to your community, directly.
Note Article
Just a short thought to get the word out quickly about anything in your neighborhood.
Share something with your neighbors.What's on your mind?What's on your mind?Make an announcement, speak your mind, or sell somethingPost something
See more »