- Associated Press - Tuesday, October 21, 2014

CHERRYVILLE, N.C. (AP) - An accounting firm in Kings Mountain will pay the town of Cherryville $75,000 for failing to find embezzlement.

The Gaston Gazette reported (http://bit.ly/1sK5sFn) that Darrell L. Keller CPA is paying the city after an agreement reached through mediation.

Cherryville had accused Keller’s firm of failing to discover the embezzlement of more than $500,000 by two city employees. Both former employers were later convicted.

Keller said the payment is not an admission of wrongdoing. The firm says the settlement was cheaper than taking a case to trial.

Former city finance director Bonny Alexander was convicted of taking more than $435,000 over six years. Former utility director Jennifer Hoyle was accused of taking more than $92,000 over a four-year period.

Cherryville Mayor H.L. Beam says he’s pleased with the settlement.

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Information from: The Gaston Gazette, http://www.gastongazette.com

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