by Mindy Aguon
Guam - Former Guam Chamber of Commerce bookkeeper Nicole Nededog intends to plead guilty to a single count of bank fraud. She was actually indicted on 90 counts of bank fraud accused of altering chamber checks and embezzling more than $351,000 between November 2006 through October 2010.
She admitted to writing checks that were drawn on the Chamber's operating account and the Armed Forces Committee account and altering the amount after getting the appropriate signatures to cash them.
According to the plea agreement, Nededog also wrote her own paychecks and increased her salary and created false bank statements in order to prevent the Chamber from discovering her scheme. The Chamber was eventually notified that the operating account was overdrawn which led to the organization learning about the scheme. Nededog faces a maximum of 30 years behind bars and a fine of not more than $1,000,000.
She is scheduled to change her plea in the District Court on Monday.