Monday, March 7, 2011

Judge Rules Maryland Man Who Embezzled Nearly $700K Must Serve Full One Year Sentence

James Edward Brady Sr., 52, of Elkton, Maryland, who was sentenced to one year in prison last November for embezzling some $696,000 from his father's custom sheet metal manufacturing firm, William H. Brady Inc. and subsidiary, Brady & Brady, was denied his motion to reduce his one year prison sentence. According to authorities, Brady stole the money over a period of about 7 years, from 2003 through 2009, while he was president of the two companies. Brady's scheme involved about 40 transactions whereby he would photocopy blank company checks, cashed the originals and then fabricated legitimate business payments in corresponding sums on the copies. Brady pleaded guilty last August to one count of theft scheme of $500 or greater. Meanwhile, Brady was perceived to be a pillar of the community - he had been appointed to a seven-member advisory board to review the county's ethics code and offer suggestions to the Cecil County Ethics Commission. Brady had also volunteered with the Boy Scouts and had served with the Cecil County Chamber of Commerce's board of directors from 1998 through 2004, including one term as president.

Read the story here and here.

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