La Salle worker pockets $5 million, pleads guilty

A one time La Salle food service employee pleaded guilty Tuesday to stealing $5 million from the university.

Fifty-eight year old Stephen Greb, of Blue Bell hatched the plan 20 years ago to set up a fake food vendor that would generate false invoices, which he would authorize for payment so that he could pocket the money.

Greb kept the plan going for decades until a new accounting scheme at La Salle sent up red flags last June that lead to his firing and the case being referred to the District Attorney.

Greb is free on bail until Judge Lillian Ransome determines his sentence Feb. 22. He faces 14 to 28 years in prison, plus a $60,000 fine.

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