JACKSONVILLE, Fla. – A man who worked in the mailroom of VyStar Credit Union for more than two decades is accused of embezzling $5.4 million in checks intended to pay for postage, according to a federal indictment.
Duane Sikes, 64, was arrested in Bradford County Friday and charged with 10 counts of mail fraud and five counts of embezzlement. He is due to be arraigned at the U.S. District Courthouse in Jacksonville on Tuesday afternoon.
According to the indictment, between from 2007-2017, some of the checks Sikes stole outright and he took others that were made out to the U.S. Postmaster to the main post office downtown and bought rolls of stamps — $3.6 million worth of stamps — and sold them to Mystic Stamp Company in New York. Mystic turned around and sold the stamps for 80 percent of their face value.
Mystic’s president, Don Sundman, said they were suspicious and notified the U.S. Postal Service.