North Alabama Electric Co-op GM pleads guilty to embezzlement
JACKSON Co., Ala. (WAFF) – A North Alabama Electric Cooperative (NAEC) employee has been arrested for allegedly diverting funds through his company to another company and to himself.
Court documents show Bruce Purdy entered into a plea deal in which he admits to sending $200,000 since March 2020 to a separate company which then paid him $135,000.
In the fall of 2021, an anonymous letter was sent to the NAEC board alerting the board that the company was paying another company monthly and the other company was paying Purdy.
When confronted by the board, Purdy first told them it was a personal loan repayment.
As part of the plea deal, Purdy agrees to pay restitution and waive his right to appeal for a chance at a lighter sentence. The agreement specifies that his maximum sentence is; imprisonment for up to 10 years, fine of up to $250,000, supervised release up to three years and special assessment of $100.
On the North Alabama Electric Cooperative website, Purdy is listed as general manager, and court documents show he has worked for NAEC for 30 years and served as general manager for the past 10 years.
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