Tuesday, June 15, 2010

Virginia Man Pleads Guilty To Charges He Embezzled $480K

Terry A. Miller, 47, of Hampton, Virginia, pleaded guilty Monday to charges of submitting false tax returns in connection with additional unreported income he allegedly embezzled from Virginia Home Medical, where he had been employed as a accountant and controller. According to prosecutors, over a six year period from 2002 until 2008, Miller wrote a series of company checks to himself, depositing them into his own accounts. He also allegedly wrote checks to the company's cash account and then used the money himself as well as wrote checks to third party personal vendors, such as his own credit card accounts. Miller is scheduled to be sentenced October 4th.

Read the story here and here.

Update (10/27/10): Miller was sentenced to 18 months in prison and ordered to pay $342,907 in restitution.

No comments: