Prepared Statement
April 26, 2016
As you all know, Jim Griegel was arrested yesterday (April 25th) by the FBI following its investigation of the Village’s police pension fund. Mr. Griegel was charged with embezzlement for allegedly writing fraudulent checks to himself from the pension fund in an amount of $21,000.00.
As of this time we are not aware of any funds missing from any of the Village’s funds.
Upon being informed of Mr. Griegel’s arrest by the FBI, I
issued a letter to Mr. Griegel informing him that he was being replaced as the
Village Treasurer. I did not take this action earlier based upon the
recommendation of our attorneys given the fact there was an open federal
investigation on Mr. Griegel.
Unfortunately, I was called out on business and cannot be
at tonight’s meeting. I will discuss Mr. Griegel’s replacement at one of our next
committee meetings.