AIG worker gets 1 year in $500K theft

WILMINGTON, Del. (AP) - March 26, 2009 Stacey Baisden, who pleaded guilty to mail fraud last year, apologized in court Wednesday. She said her theft spiraled out of control once she brought friends into the scheme.

Baisden was in charge of issuing checks for the Delaware AIG subsidiary, American Life Insurance Co. also known as ALICO, and started stealing when her supervisor was out on a long sick leave.

Court papers state Baisden faked approvals from supervisors and hid the charges in departments where there were a large volume of similar expenses to avoid detection.

---

Information from: The (Wilmington, Del.) News Journal, http://www.delawareonline.com

Follow Action News on Twitter

Get Action News on your website

Follow Action News on Facebook

Click here to get the latest Philadelphia news and headlines from across the Delaware and Lehigh valleys.