Holley, Louis Malcolm (1949–)

ACCORDING TO a 2002 General Accounting Office (GAO) report, U.S. Postal Service deposits totaling $65 billion per year are vulnerable to theft, robbery, and mishandling due to factors such as inadequate security and the failure to follow procedures. The official report was prompted by the circumstances of a large-scale postal facility theft in Arizona.

In June 2001, one Phoenix, Arizona, postal facility experienced $3.2 million in such losses when it became the victim of the criminal acts of employee Louis Malcolm Holley. The GAO's examination of the Phoenix facility revealed several security problems, including a key to a cage with stored valuables that was left in the lock, as well as cameras that were not in use.

Holley, age 52 at the time, was a 28-year veteran ...