William H. Nolan, 50, of Wichita, Kansas, has been indicted on charges he embezzled more than $2 million from Steckline Communications, Inc., where he had served as bookkeeper. According to prosecutors, Nolan forged checks to pay for his credit card purchases totaling nearly $864,000. He is also accused of making electronic transfers from the company’s accounts to pay for another $1,180,000 in purchases for his own benefit. Specifically, Nolan has been charged with one count of mail fraud and one count of wire fraud. He faces up to 20 years in prison, plus fines and restitution.
Read the story here and here.
Update (7/23/12): Nolan, now 51, has been sentenced to 24 months in federal prison after pleading guilty to one felony count of wire fraud. He was also ordered to pay more than $2 million in restitution. Nolan admitted that he stole from several companies whose books he was keeping, including LS Media, Steckline Communications, Inc., Mid-America Ag Network, Inc., and Broadcast Technical Associates, LLC.
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