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Tuesday, April 5, 2011

Shinnick Sentenced for Theft of Credit Union Funds

The former Coakley vice principal will serve two and a half years in prison for the larcenies that destroyed the Norwood School Employee Federal Credit Union.

Former Coakley Middle School vice principal Stephen Shinnick pled guilty on Friday, April 1, to abusing his position as treasurer of the Norwood School Employee Federal Credit Union to steal more than a quarter of a million dollars. Shinnick, 64, of Norwood, was indicted by a Norfolk County Grand Jury last year on three counts of Larceny over $250 by Continuing Scheme. Judge Kenneth Fishman sentenced Shinnick to two and a half years in the House of Correction with six months to serve and the balance suspended for five years, and issued an order of restitution with the probation department to order the payment schedule based on Shinnick’s ability to pay when he is released from incarceration. Shinnick is also ordered to continue treatment …

Tuesday, March 22, 2011

Norwood Company Exec Sentenced to 1 Month Federal Prison

President of the Norwood-based Systemic Research Inc. was sentenced to a jail term starting next week for defrauding the National Science Foundation.

Federal investigators say Jason Jungsun Kim, President of Norwood-based Systemic Research, Inc. was sentenced to one month in federal prison and nine months of home confinement in Boston Federal Court on March 3rd. His sentence will commence on March 30th. Kim, of Mansfield, was also ordered to pay restitution in the amount of $100 per month. Kim and Linda Crasco, of Norwood, the company's executive director, both pleaded guilty to charges alleging they defrauded the National Science Foundation in November. According to the investigators, the two instructed employees to overstate labor expenses on projects funded by National Science Foundation Grants. The company's president caused the National Science Foundation to be overcharged by …

Saturday, December 4, 2010

Week in Review, Nov. 28 - Dec. 3

In case you missed out this week, here's a round up of Norwood Patch's top headlines.

Norwood started off the week with an extravaganza - the annual Holiday Extravaganza to be exact. Be sure to check out the Patch photo gallery from that event and the video of the F. Holland Day Holiday House Tour! In the courts this week, the Norwood man accused in several violent robberies from 2009 pleaded guilty to eight counts of information of armed bank robbery on Monday in U.S. District Court, while the president of Norwood-based Systemic Research Inc. pleaded guilty to defrauding the National Science Foundation. In county court, a former Norwood resident was sentenced to five years in jail for throwing Molotov cocktails into several Walpole buildings in 2005. Three Norwood Hospital doctors were chosen for Boston Magazine's 2010 '…

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