LAWRENCE MCCOY, DOB: 12/22/1957, of 1110 7th St., Durant, pleaded guilty to two counts of Theft in the First Degree. Each charge is a class “C” felony. MCCOY admitted to embezzlement from the City of Stockton, Iowa while employed as the City Clerk.
County Attorney Ostergren had the following statement:
“The defendant admitted to the theft of over $40,000 from the City of Stockton. Although the State Auditor’s report found additional expenditures which were not supported by proper documentation, that was the amount of funds we could prove that the defendant personally took.
“The plea agreement with Mr. McCoy requires that he make full restitution for his crimes and that he must make an initial restitution payment of $5,000 at sentencing. I am committed to using the tools of the criminal justice system to get the taxpayers of Stockton fully repaid. I would like to thank the office of State Auditor David Vaudt for its thorough investigation which allowed this case to be successfully resolved.”
MCCOY will be sentenced November 17, 2011, at 9:00 a.m.
