News and Press Releases

St. Joseph man pleads guilty to bank fraud;
embezzled $769,000 from employer

March 24, 2011

KANSAS CITY, Mo. – Beth Phillips, United States Attorney for the Western District of Missouri, announced that a St. Joseph, Mo., man pleaded guilty in federal court today to bank fraud related to a scheme to steal more than $769,000 from his employer.

            Glenn Wade Muir, III, 45, of St. Joseph, pleaded guilty before U.S. District Judge Gary A. Fenner to the charge contained in a Sept. 8, 2010, federal indictment.

            Muir began working for Quality of Life Management, Inc., and Saxton’s Christian Care and Investments, Inc., in 1999, and from 2002 to May 2009, he was the Chief Financial Officer. Quality of Life Management and Saxton’s Christian Care and Investments operate several subsidiaries that operate several nursing homes and in-home care providers in the St. Joseph area. The companies, referred to collectively as the Saxton sister corporations, are owned by members of the Saxton family and have their headquarters in St. Joseph.

            By pleading guilty today, Muir admitted that he wrote checks from the Saxton sister corporations’ company accounts that were made out to himself or his creditors. Muir forged the names of the owners to these checks. In order to conceal his theft, Muir falsely reported that he had paid corporate taxes to the IRS, when in fact, he had not. This caused the Saxton sister corporations to suffer interest and penalties from unpaid taxes.

Muir embezzled $769,006 from the Saxton sister corporations from January 2004 to August 2009. As a result of Muir’s fraud scheme, the corporations and their subsidiaries sustained a loss of approximately $990,124. In addition to this loss, the plea agreement says, Muir caused the corporations to owe the IRS $239,406 in interest and penalties.

            On May 28, 2009, Muir left work after stealing approximately $24,496 from a locked safe in the office. Muir cleaned out personal items from his residence and fled the St. Joseph area in order to avoid arrest for his financial crimes. He was arrested in Las Vegas, Nevada, on Oct. 25, 2010.

            Under federal statutes, Muir is subject to a sentence of up to 30 years in federal prison without parole, plus a fine up to $1 million and an order of restitution. A sentencing hearing will be scheduled after the completion of a presentence investigation by the United States Probation Office.

            This case is being prosecuted by Assistant U.S. Attorney Kate Mahoney. It was investigated by the Federal Bureau of Investigation.

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