Michael R. Varble, Esq. Recovers $440K for the Town of Beekman

Posted By Michael R. Varble & Associates, P.C. || 14-Oct-2015

Michael R. Varble, Esq. and our team are proud to announce that it has been successful in recovering a majority of the money stolen from the Town of Beekman following a comptroller scandal. Of the half million dollars stolen from the town, our team was able to recover $440,000.

As Poughkeepsie Journal reports, former Beekman comptroller Fred Knapp pleaded guilty to the theft of approximately $539,000 of taxpayer money earlier this year. The theft was discovered after his tenure of comptroller when Beekman bookkeeper Bill Bradley discovered major discrepancies in the town's financial records. It was found that Knapp used the money for personal expenses, including credit card payments and international travel. He is currently serving three to nine years in prison.

Since the scandal, Michael R. Varble, Esq. has been instrumental to negotiating with insurance companies to recover the lost funds. "We began the recovery process months ago and are pleased with the swift response and magnificent results," Town Supervisor Barbara Zulauf told the press, "We are not done pursuing the remaining balance and await the mutual decision of the involved insurance companies to determine their responsible portions."

For the Good of Beekman

The responsive results our firm was able to provide does not just mean that Beekman gets lost funds back, it also means that they can continue to stay in good standing with creditors. Before the town could suffer from a downgrading from Moody's or incur other credit consequences, it already had enough recovered funds to continue to run efficiently and plan for other financial goals.

"Fortunately, we probably eluded a downgrade by Moody’s by being able to collect on the claim so quickly," said Andrew Forman, Beekman's current comptroller. He added that the recovery of the insurance money "makes the rating agencies comfortable with our high-quality rating."

We congratulate Michael R. Varble, Esq. and his team for their tremendous success in service of the Town of Beekman. The results in this case are just another testament to the thorough, responsive work our firm is capable of for clients in need.

If you are a Hudson Valley resident facing a legal issue, then we invite you to contact us at Michael R. Varble, Esq. today. Attorney Varble and our team are dedicated to serving our clients in the criminal defense, family law, educational law, and personal injury practice areas. We know what it takes to secure favorable results for our clients and work tirelessly to put the best possible outcome within reach.

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