Friday, February 3, 2012

Maryland Man Sentenced For Embezzling Nearly $7 Million From Mississippi Company

Sanjeet "Sonny" Veen, 47, of Potomac, Maryland, has been sentenced to 40 months and prison for embezzling $6.89 million from Dunlap & Kyle Co., a Batesville, Mississippi-based tire and auto service holding company.  According to authorities, Veen issued fake invoices to Dunlap & Kyle from his own company, Orteck Global Supply and Distribution Co. LLC to importing tire which were never supplied.  Veen was also ordered to pay full restitution.  The scheme spanned about one year from March 2009 through February 2010.  Veen was originally indicted on 70 fraud counts in late 2010.

Read the story herehere and here.

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