Bradley Whitsell, 45, of Sioux Falls, South Dakota, has been charged with embezzling $392,111 from SDN Communications where he had been employed as Vice President of Operations. According to prosecutors, Whitsell began siphoning funds from the company in 2000 and used his oversight position to hide the thefts. He has plead not guilty to the charges. Over the next ten years, Whitsell allegedly abused company credit cards, issued fraudulent company checks and received fraudulent reimbursement for expenses to pay for personal expenses and luxuries.
Read the story here, here and here.
Update (11/15/11): Whitsell, now 46, has been sentnced to 2 years in federal prison and ordered to pay restitution in the amount of $476,184.77, which is the amount he stole, plus the cost of the forensic audit. Whitsell plead guilty to one count of mail fraud in August.
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