Wednesday, July 21, 2010

Former Purchasing Director In New York Accused Of Embezzling $700K

William R. Baker, 58, of Black River, New York, was indicted on charges he embezzled more than $700,000 from Knowlton Specialty Papers, aka Knowlton Technologies, where he had been employed as purchasing manager. According to authorities, over a six year period, from July 2003 through October 2009, Baker created and sent phony invoices for merchandise that was never delivered to Knowlton. He has been indicted on 238 counts, including one count of second-degree grand larceny, one count of criminal possession of stolen property and 236 counts of falsifying business records.

Read the story here and here.

Update (8/2/11): Baker was sentenced to one to three years in prison and ordered to pay restitution of almost $800,000.

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