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Posted at 5:35 PM ET, 12/ 9/2010

N.J. woman pleads guilty to stealing $500K from student government

By Jenna Johnson
Jenna Johnson

A 48-year-old New Jersey woman who used to work for the New Jersey City University pleaded guilty in federal court to stealing more than half a million dollars from the student government.

Shaunette R. Moody of Jersey City worked as the student government office manager and used the group's bank account to write more than 200 checks to her husband and at least three other Jersey City residents. Over three years, the group allegedly stole and laundered $502,117.They used the money "to purchase goods and services for their own benefit, including entertainment and gambling in Atlantic City," according to a press release from the U.S. Attorney's office in New Jersey.

The student government's annual operating budget of about $600,000 is funded almost entirely by student fees, according to The Jersey Journal. That money is used to support university athletics, student organizations, and campus events. University officials told the newspaper also wrote checks from a student government contingency fund.

Moody has resigned from the university and agreed to pay restitution. She will be sentenced in March and faces up to 20 years in prison, plus large fines. Charges against Moody's husband, Alexander Moody, and three other co-conspirators are still pending.

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By Jenna Johnson  | December 9, 2010; 5:35 PM ET
Categories:  Student Government  | Tags:  New Jersey City University  
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