Thursday, March 15, 2012

Virginia Man Pleads Guilty To Embezzling Nearly $1 Million

Tony Patton, 42, of Gainesville, Virginia, has pleaded guilty to embezzling at least $950,000 from an unnamed Belgian company with a US subsidiary based in Manassas, Virginia, where he had been employed as vice president of operations.  According to prosecutors, over a period of 3 years, from September 2008 through August 2011, Patton "transferred funds from corporate accounts to his own personal bank account, obtained reimbursement for personal expenditures that he falsely represented were corporate expenses, used company debit cards and checks to pay for personal expenses, paid himself a monthly commission without the company’s knowledge or consent, and diverted refunds payable to the company to himself."  Patton reportedly used some of the ill-gotten gains to pay for personal luxuries, such as high-end automobiles and luxry travel.

Read the DOJ announcement here.

Hat tip: FraudTalk reader Joe.

Update (6/23/12): Patton, now 43, was sentenced to 33 months in prison for embezzling nearly $1 million from Soudal, Inc

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