Florida man accused in $5.4M postal theft

A Florida man was recently indicted on charges of mail fraud and embezzlement after being accused of using company cheques to buy $5.4 million US (more than $7 million Cdn.) worth of stamps, according to an Associated Press report.

The indictment explains 64-year-old Duane Allen Sikes worked in the mailroom at a credit union in Jacksonville, Fla., and was provided with weekly cheques to buy postage. Every other week, Sikes sent stamps to a New York-based company that then sold the postage at a reduced rate.

It’s believed Sikes was partaking in the scheme for more than two decades.

According to the indictment, Sikes received $3.6 million US (more than $4.6 million Cdn.).

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