Monday, November 23, 2009

California Man Will Face Prison In $2 Million Embezzlement Scheme

Ryan S. Merman, 69, of Santa Rosa, California will face six years in prison plus restitution after reaching a plea agreement in a case in which he has been charged with embezzling nearly $2 million from STX Inc., where he had been employed as general manager with the responsibility for handling company finances. Merman's thefts allegedly occurred over a 7 year period between 2002 and 2009. He plead guilty last September to the charges that reportedly involved forging checks for his own benefit. According to STX's owner, Dianne Anderson, Merman embezzled between $200,000 and $300,000 from the company every year since he was first employed 12 years ago. Merman reportedly spent much of the stolen money on gambling and a lavish lifestyle. He awaits final sentencing next month.

Read the story here and here.

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