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Katie Holmes' Embezzelling Relatives

| Filed under: Legal MattersKatie Holmes

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It would seem that the women in Katie Holmes' family really know how to pick'em.

Over the recent Easter weekend, Katie's sister, Tamara, lost her estranged husband, J. Jeffrey Fretti, to heart failure. Fretti ran a successful funeral home in the Toledo, Ohio area. Or at least what everyone thought was successful.

It turns out that Fretti had embezzled money from four dozen patrons who paid in advance for funeral preparations. Officials have found a total of $180,000 missing from the records of the home. The money was logged in a special account overseen solely by Fretti and was supposedly established to hold “preneed funds” or money for "burial goods and services prior to death." According to the records, instead of following the required procedure of depositing the funds in the special “preneeds” trust fund, Fretti diverted the money into an account he used for ordinary business expenses.

On top of that, he had owed the bank a total of $495,000 on the funeral home! So even now, with the property and business being sold off, there is little chance any customers will get their money back.

What a terrible ordeal for these families to go through. Thousands of their hard earn dollars lost!

No chance your gonna step up and help them, huh Katie?

[Image via WENN.]

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