Lenoir man sentenced to prison for embezzling over $1 million from former employer
CALDWELL COUNTY, N.C. (FOX 46 CHARLOTTE) – A 55-year-outdated Lenoir person was sentenced Thursday to 4 decades in federal jail immediately after embezzling more than $1 million from his previous employer, according to U.S. Lawyer William Stetzer.
Courtroom paperwork mentioned Richard Clark was used as an office environment manager at a loved ones-owned small business in Caldwell County from 2013 to 2019. Clark was liable for handling the companies’ bookkeeping and fiscal documents, earning payments to suppliers and the IRS and reconciling the companies’ financial institution accounts.
Clark was accused of working with his posture and accessibility to the companies’ financial information and financial institution accounts to embezzle more than $1 million.
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Courtroom information confirmed Clark stole cash from a company financial institution account the proprietor had directed him to close.
Clark allegedly applied the account to steal from his employer by instructing shoppers to make payments to that account.
He also admitted in courtroom that he laundered the money he embezzled by withdrawing client cash from the financial institution account via various fraudulent checks he wrote to himself. Clark applied the stolen funds to fund his individual lifestyle, including to make payments for his home finance loan and vehicle financial loan payments for an F-150 truck and other vehicles. He also installed a dwelling theater system and compensated for touring and buying expenses.
Prosecutors mentioned Clark also applied a fraudulent U.S. earnings tax return for tax yr 2018 by intentionally failing to claim the further revenue.
Richard Clark pleaded guilty in June to mail fraud, dollars laundering and earning a fake statement on his tax return.
He was sentenced to 4 a long time in federal jail and requested to serve an additional a few years of supervised launch. Clark will also be required to pay $980,000 as restitution to his victims and $194,750 to the IRS.
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