Elma Magkamit embezzled $1.42 million from city

According to the city of West Linn, the former finance director who embezzled more than $1.4 million from the city was released from prison in SUBMITTED - ELMA MAGKAMIT

Elma Magkamit was released from Coffee Creek Correctional Facility after serving less than six years of an eight-year sentence. She was released on a two-year supervision probation and is under an order to find work and start paying restitution to the city.

Magkamit was sentenced in November 2006.

She was indicted on 114 felony counts by a Clackamas County grand jury back in April 2006. She was under indictment on 52 counts of aggravated first-degree theft, five counts of first-degree theft and 57 counts of first-degree forgery. The charges were the result of 57 city of West Linn checks that Magkamit forged and deposited into her personal account.

The period for the thefts and forgery ranged from September 2000 to March 2005. She used a city signature stamp to make the forged checks. The value of the checks ranged from $4,250 to $38,922.90.

Police deduced from evidence taken from her home that she gambled a large sum of the money.

She was employed with the city from 1994 to 2005 and resigned in August 2005.

In 2007, Magkamit admitted to the embezzlement of $1.42 million in an agreement with legal authorities. The agreement entitles the city to restitution plus 9 percent interest.

To date, the city has received $790,225 in recoveries. It received $100,692 in 2008 from the sale of her house and vehicle; $204,522 in 2011 from cashing out her PERS account; $100,000 in 2007 from the city’s insurance carrier; and $385,000 in 2009 from a mediation settlement with former auditors and the insurance carrier.