Firemen's Fund Insurance v. Covino (In Re Covino)

MEMORANDUM DECISION

GEORGE L. PROCTOR, Bankruptcy Judge.

This is an action seeking an exception to discharge under § 523(a)(4) of the Bankruptcy Code.

George Francis Covino was an employee and officer of Titus & Donnelly, Inc. On several occasions he made checks payable to himself or to other employees and forged an authorizing signature and/or endorsement so he would receive the proceeds of the checks. He also made false entries in the ledgers of the firm to conceal his activities. When these acts were discovered, Covino voluntarily signed a written confession and executed a demand note payable…