Saturday, November 26, 2011

Colorado Man Guilty Of Embezzling $195K From California Construction Company

Thomas Tanke, 67, formerly of El Dorado Hills, California and currently of Monument, Colorado, has been found guilty of embezzling about $195,000 from Azteca Construction Inc., where he had been employed as Vice President of East Coast Operations.  A federal jury found Tanke guilty on two counts of mail fraud and five counts of bank fraud after a 5 day trial.  According to prosecutors, in 2004 when the company and an affiliate were in the process of winding down operations and selling off equipment, Tanke keep receipts and deposited them into his own accounts.  He also use company checks to pay for personal expenses and personal credits, such as his auto loan.  He is due to be sentenced on March 2, 2012. 

Read the story here and here.

Read the DOJ announcement here.

Update (7/6/12): Tanke, now 68, was sentenced to 70 months in prison and ordered to pay $243,403 in restitution. 

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