Former Ulster County Finance Commissioner Sentenced to Jail for Embezzlement

Keywords: Burt Gulnick, Ulster County finance commissioner, sentenced to two years in jail, embezzling, Hurley Recreation Association, campaign of former County Executive Mike Hein, treasurer, thefts, complaint, state police investigation, consecutive one-year terms, Ulster County Jail, breach of trust, impact on the community, financial review, county records

Ulster County, New York – Burt Gulnick, the former finance commissioner of Ulster County, was recently sentenced to two years in jail. This verdict comes after his conviction for embezzling over $100,000 from both the Hurley Recreation Association and the campaign of former County Executive Mike Hein. Gulnick had served as treasurer for both organizations and admitted to the thefts, which occurred over a four-year period.

The case came to light after a complaint prompted a state police investigation. Upon examination, discrepancies were noticed in the account balances reported by Gulnick, ultimately leading to his arrest. As a result, he was sentenced to two consecutive one-year terms in Ulster County Jail. Notably, this sentence is less severe than the originally agreed one-to-three-year state prison sentence.

Despite Gulnick's apology and restitution payments to the affected organizations, the judge and District Attorney emphasized the seriousness of his breach of trust and the negative impact on the community. The judge delivered this sentence as a clear message that such crimes will not be taken lightly.

Furthermore, Gulnick's arrest prompted a thorough financial review of county records, which is still ongoing. This analysis aims to uncover any additional irregularities or mismanagement within the county's finances.

With this sentencing, Ulster County hopes to restore trust within the community and send a powerful message that financial misconduct will not be tolerated. The case serves as a reminder of the importance of transparency and integrity in public office.

Disclaimer: This article is based on available information at the time of writing. Further developments may occur that could potentially alter the facts and details of the case.

Analyst comment

This news is negative. As an analyst, the market may experience short-term uncertainty as the financial review of county records continues. Confidence in financial institutions may be slightly impacted due to the breach of trust by Burt Gulnick, but the effects on the overall market will likely be limited.