Friday, March 20, 2015

Michigan Man To Be Sentenced After Pleading Guilty To Embezzling $800+K From Steel Company

From the Huron Daily Tribune on 3/17/2015:

Monday’s sentencing for a 34-year-old Akron area man who has pleaded guilty to embezzling from a Pigeon factory has been adjourned until next week.

It’s alleged Chad Letson embezzled more than $800,000 over roughly three years from Blue Diamond Steel in Pigeon, and he previously plead guilty to one count of embezzlement greater than $100,000, and one count of using a computer to commit a crime.
According to court officials, the Huron County Circuit Court criminal docket for Monday had to be rescheduled, as Judge Gerald M. Prill had a family funeral to attend.
Letson admitted he committed embezzlement during a February hearing in circuit court. He told Prill that when he was in a supervisory position at Blue Diamond, he used his computer to sell the company’s property via eBay and PayPal on multiple occasions between January 2011 and November 2014.
The crime of embezzlement is punishable by up to 20 years in prison and/or a $50,000 fine, or three times the amount embezzled, whichever is greater. The crime of using a computer to commit a crime is punishable by up to 10 years in prison.
Letson’s sentencing was adjourned until 1:30 p.m. March 23 in circuit court.

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