Counties Finance, Inc. v. Norristown-Penn Trust Co.

Corson, J.,

The plaintiff alleges in its bill of complaint that John Marshall Clark, formerly president of the plaintiff corporation, prior to his death on July 15, 1932, did cheat, defraud, and embezzle from the plaintiff approximately $30,000, and that all, or at least much of, such money so embezzled was used by him in furnishing a house and otherwise improving a farm *148owned by the defendant Elsie R. Clark in Chester County, Pa. The bill further alleges that Clark expended some of the embezzled funds in maintaining certain policies of life insurance in the approximate sum of $65,000, the…