Former La Salle aide pleads guilty in embezzlement in Pennsylvania

A former La Salle University administrator pleaded guilty Tuesday to theft, forgery, and related offenses for embezzling $5 million from the school.

Stephen Greb, 58, of Blue Bell, oversaw the university's food services from 1984, when he was hired, until he was fired in June after his scheme was uncovered by La Salle.
Greb created a fictitious food vendor called Sunshine Foods and then authorized payments to that vendor as far back as 1990, officials said.
The university conducted an internal investigation with the help of a forensic accountant after La Salle officials questioned a $40,000 payment to Sunshine. Greb acted alone, they determined.
Greb, who is free on bail, will be sentenced Feb. 22 before Common Pleas Court Judge Lillian H. Ransom. Although he faces a maximum 28 years in prison, he likely will receive far less time because he pleaded guilty.
He also faces a $60,000 fine. He has paid a substantial amount in restitution to the university, officials said.
"We are pleased that the case is advancing and are confident that justice will be served," said Jon Caroulis, director of media relations for La Salle.