Tuesday, April 30, 2013

North Carolina Man Pleads Guilty To Embezzling $2 Million From Trade Business

From the News-Record on 4/27/13:

A man accused of taking about $2 million from his former employer, pleaded guilty Monday in Guilford County Superior Court to five counts of obtaining property under false pretenses.

Eric Wayne Neal, 47, received two sentences of four years, 10 months to 6 years, seven months each, according to court documents.
Neal worked for Elrod Electrical Service in Greensboro. He was accused of inflating sub-contractor invoices.
Company owner Linda Elrod said Neal had been an employee for more than 20 years and handled the company’s residential business.
“A lot of the padding he did was for technical stuff that he knew I wouldn’t know was OK or not,” Elrod said. “But I would question the amount on the invoices, and he would always assure me that he had been over them and that they were correct.”
Elrod said the wrongdoing came to light through another employee, who questioned the ordering of excess materials.
Neal was carged after an investigation last year.
In addition to the counts he pleaded guilty to, Neal was charged with one count of embezzlement and one count of obtaining property under false pretenses, which were dismissed.
Neal’s attorney Marc Tyrey did not respond to a request for comment Friday morning.

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