Tuesday, May 4, 2010

Former New Jersey-Based Transportation Manager Pleads Guilty To Embezzling $650K From Shipping Company

Michael Hamm, 48, formerly of Flemington, New Jersey, pleaded guilty today to one count of access device fraud in connection with his alleged embezzlement of more than $650,000 from an unnamed shipping company for which he had been employed as a transportation manager. Prosecutors alleged Hamm used his position to order extra fuel cards, then altered them to allow for cash withdrawals at ATM machines. He also allegedly falsified invoices to conceal the theft. Hamm faces up to 15 years in prison upon sentencing, scheduled for August 9th. He must also pay full restitution.

Read the story here and here.

Update (10/20/10): Hamm, now 49, was sentenced to 33 months in prison for embezzling $659,383. His thefts spanned about 2 1/2 years.

1 comment:

Anonymous said...

What goes around comes around!
I L-O-V-E IT!!!!