Wednesday, October 14, 2009

Mississippi Financial Analyst With Embezzling $8.7 Million From Tennessee Company

Walter Thomas Williams III, aka Thom W. Williams, 41, of Hernando, Mississippi, has been charged with wire fraud in connection with his alleged embezzlement of $8,709,792 from Verso Paper Co., based in Memphis, Tennessee, for whom he had been employed as a financial analyst. According to investigators, since March 2009, Williams transferred these funds to his personal checking account. Williams reportedly attempted to disguise the transfers as being made to various company vendors. He faces up to 20 years in prison, plus fines and restitution, if convicted. Williams' wife, Danielle J. Williams has been charged with money laundering in connection with the case. Her trial is scheduled for late June 2010.

Read the story here, here and here.

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