Tuesday, February 3, 2015

Louisiana Man Charged With Embezzling More Than $28 Million Over 18+ Year Period

From Fox8 on 1/30/2015:

A Mandeville certified public accountant accused of stealing from his employer for nearly two decades faces federal charges.

U.S. Attorney Kenneth A. Polite announced Friday that Michael Sapera was charged in a four-count bill of information with bank fraud, aggravated identity theft, and wire fraud.

Federal prosecutors allege Sapera embezzled $2,809,580 from a New Orleans-based retail clothing company from 1996-2014.

They say he forged his employer's signature on nearly 430 stolen corporate checks worth approximately $2,192,500, endorsed them to himself and deposited them into his personal bank account.

Prosecutors also say he transferred $582,080 in corporate funds to his personal account without authorization, consent, or knowledge of the owners and $35,000 to a personal PayPal account.
Sapera began working for the company in 1990 and was most recently employed as chief financial officer and director of information technology.

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