Michael R. Varble, Esq. Recovers $440K for the Town of Beekman Following Comptroller Scandal

Earlier this year, former Beekman comptroller Fred Knapp pleaded guilty to stealing $539,000 of taxpayer money. Now, due to the work of the Hudson Valley firm, the town has already recovered a majority of those lost funds from insurance companies.
 
HUDSON VALLEY, N.Y. - Oct. 14, 2015 - PRLog -- The crimes were discovered when Beekman bookkeeper Bill Brady noticed major financial discrepancies in the town's records submitted during Knapp's tenure as comptroller. It was later found that Knapp used the money to pay personal expenses tied to an American Express account. Knapp is currently serving between three and nine years in prison.

Michael R. Varble, Esq. and his team were able to recover a majority of the stolen money from insurance companies that the town held government crime policies with. The swift recovery not only means the town can recoup its funds, but will also stay in good standing with creditors and not incur any financial penalties, such as downgraded Moody rating or higher interest costs.

"We began the recovery process months ago and are pleased with the swift response and magnificent results," Town Supervisor Barbara Zulauf told Poughkeepsie Journal. "We are not done pursuing the remaining balance and await the mutual decision of the involved insurance companies to determine their responsible portions."

Beekman's current comptroller, Andrew Forman, also praised the rapid results the firm was able to provide. "Fortunately, we probably eluded a downgrade by Moody’s by being able to collect on the claim so quickly," he said. He also confirmed with the press that rating agencies like Moody's would maintain the town's healthy rating.

We congratulate the work of Attorney Michael Varble and his team on the efficient and impressive results they were able to secure on this matter and know that their thorough, unparalleled work will continue to serve the best interests of their clients.

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Michael R. Varble, Esq. is a premier Hudson Valley law firm offering criminal defense, personal injury, family law, and educational law counsel. Attorney Varble has nearly two decades of litigation experience and he and his team work aggressively to ensure that their clients' rights and interests are protected throughout every stage of their legal matter.

To learn more about the firm, please visit: http://www.varblelaw.com/

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