Ex-director of finance pleads guilty to stealing $3M from North Carolina hospital

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High Point (N.C.) Regional Hospital's former director of finance pleaded guilty Tuesday to bank fraud, wire fraud and identity theft after she was accused of embezzling $3 million from the hospital between Jan. 1, 2003, and Aug. 15, 2017, according to the Winston-Salem Journal.

According to a federal indictment, Kimberly Russell Hobson defrauded the hospital by issuing unauthorized and forged checks payable to herself and relatives. She was also accused of using the hospital's credit cards for personal expenses.

Ms. Hobson used money embezzled from the hospital to purchase luxury vehicles, a motorcycle and other items for personal use, according to court documents.

Ms. Hobson, who is scheduled to be sentenced May 2, faces up to 32 years in federal prison, according to the report.

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