Virginia man ordered to pay fine for embezzlement charges

The former CEO and president of the Montgomery County Chamber of Commerce in Virginia has been ordered to pay a fine, after a jury found him guilty of three counts of embezzlement in May.

According to The Associated Press, Shane Adams was first accused in 2009 of stealing approximately $10,000 from the Montgomery County Chamber of Commerce after an accounts payable audit uncovered several discrepancies within the organization's financial records. After a mistrial and a subsequent retrial, Adams will now be required to repay the $10,000 he embezzled as well as a $7,500 fine, states the source.

The Roanoke Times reports that the mistrial was declared in May 2011, after a jury could not come to a unanimous decision. However, a retrial was conducted in May of this year and the jury then found Adams guilty on the three charges against him. Prosecutors alleged that Adams had managed to steal the funds from both the chamber and the Tourism Development Council by writing himself checks from the organizations' accounts. He also double-billed the chamber for travel reimbursements and used allocated money for unauthorized purposes.

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