Tuscola County 70-year-old arraigned on charge of embezzling $467,000

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TUSCOLA COUNTY (WJRT) (11/21/2017) - A 70-year-old Tuscola County woman waived her right to a preliminary hearing, so her $467,000 embezzlement case will go straight to circuit court.

Marcia Conaway

Marcia Conaway is accused of stealing about $467,000 from the Michigan Cardiovascular Institute in Saginaw from June 2010 until her retirement in February 2016.

Investigators claim she used the institute's funds to pay off personal purchases on her personal credit cards. Prosecutors also allege Conaway falsified the company's accounting records by withholding revenue to cover up the missing funds.

"That's what the allegations are. It's just an allegation. I haven't received discovery yet from the prosecutor's office," said attorney John Melton, who is representing Conaway.

Conaway's arrest is the third substantial embezzlement investigation in Saginaw County this year.

Nichol Evans, 30, was accused of stealing more than $300,000 from the company she worked for while Stanley Hayes was accused of embezzling more than $700,000 from the Saginaw County credit union where he was employed.

Both of those cases are scheduled for trial next year.

Melton says a plea deal in Conaway's case is a possibility.

"That is the case in every single case," he said. "That is not different, in that respect, than any other case."

Conaway remains free on a $10,000 personal recognizance bond.

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