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Residual Market CEO, Bookkeeper Plead Guilty to Embezzling

Tuesday, May 14, 2013 | 0

By John P. Kamin, ReporterThe former chief executive officer and a former bookkeeper for the organization that administers Michigan's residual workers' compensation market on Friday struck a plea deal with prosecutors in connection with an alleged $2.6 million embezzlement scheme.Michigan Attorney General Bill Schuette charged Jerry Stage, 67, with masterminding a scheme to embezzle from the Compensation Advisory Organization of Michigan by writing small checks to himself during a 14-year period. Authorities also alleged that George Bauer, 55, helped Stage cover up the scheme. Stage wa...

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