Barbara Monfre, former plan administrator for the IBEW Local 3 Elevator Division Retirement Plan, New York, was sentenced to 24 months in prison for embezzling more than $300,000 from the $38.8 million plan, said James B. Comey, U.S. attorney for the Southern District of New York. Ms. Monfre was also ordered to pay $314,547 in restitution, according to Mr. Comey. She pleaded guilty to a one-count indictment charging her with embezzling from an employee benefit plan.
James Wasserman, plan attorney, said Karen Campbell was named acting administrator of the plan.
