Oregon Man Indicted In Embezzlement Case

Gary Alan Green, 50, of Brookings, Oregon, was indicted Friday on 12 federal counts of mail fraud for allegedly embezzling some $350,000 from Tidewater Contracting Co., for which he served as Chief Financial Officer. The case is scheduled for trial December 9th. The case came to light when Chase Card Services became suspicious when company checks exceeding $29,000 per month were being deposited into Green's personal Visa credit card account. Green was originally indicted in late September on state charges of aggravated theft and has been held in Curry County jail. This has now been superseded by the federal charges. According to the indictment, the theft occurred between September 2007 and September 2008. Company outside accountants have tallied the loss at closer to $500,000. Green has a prior conviction in 2003 for embezzling nearly $650,000 from the Darex Corp. for which he served a 2 year prison sentence. He worked for Darex as an in-house accountant.

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Another case of failure to conduct adequate due diligence on a key employee with fiduciary duties. Read our article on the Top Ten Resume Lies here or our article on Conducting Effective Due Diligence here.