Edward Cantrell, 36, of Florence, Kentucky, has been indicted on charges he embezzled some $3 million from Fin Pan Inc., a Hamilton, Ohio-based maker of construction products where he had been employed as financial controller. According to prosecutors, Cantrell executed more than 125 fraudulent transactions whereby he had company officials sign checks payable to company vendors but had them sent to a post office box and deposited them into his own accounts. He then transferred monies between accounts in an effort to cover up the thefts which spanned a five year period beginning in 2004. The 55 count indictment includes one count of aggravated theft; 11 counts of telecommunications fraud; 10 counts of forgery; 11 counts of money laundering; 12 counts of unauthorized use of computer, cable or telecommunication property; and 10 counts of securing writings by deception. Once he was confronted with discrepancies in the books, Cantrell disappeared. He was arrested yesterday in Arizona. Authorities allege that Cantrell used the stolen money to support a lavish lifestyle that included expensive cars and luxury vacations. The case is reportedly the largest embezzlement case to be prosecuted in Butler County, Ohio.
Showing posts with label telecommunication fraud. Show all posts
Showing posts with label telecommunication fraud. Show all posts
Friday, December 17, 2010
Kentucky Man Charged With Embezzling $3 Million From Ohio Company
Edward Cantrell, 36, of Florence, Kentucky, has been indicted on charges he embezzled some $3 million from Fin Pan Inc., a Hamilton, Ohio-based maker of construction products where he had been employed as financial controller. According to prosecutors, Cantrell executed more than 125 fraudulent transactions whereby he had company officials sign checks payable to company vendors but had them sent to a post office box and deposited them into his own accounts. He then transferred monies between accounts in an effort to cover up the thefts which spanned a five year period beginning in 2004. The 55 count indictment includes one count of aggravated theft; 11 counts of telecommunications fraud; 10 counts of forgery; 11 counts of money laundering; 12 counts of unauthorized use of computer, cable or telecommunication property; and 10 counts of securing writings by deception. Once he was confronted with discrepancies in the books, Cantrell disappeared. He was arrested yesterday in Arizona. Authorities allege that Cantrell used the stolen money to support a lavish lifestyle that included expensive cars and luxury vacations. The case is reportedly the largest embezzlement case to be prosecuted in Butler County, Ohio.
Wednesday, March 3, 2010
Ohio Couple Charged With Embezzling $1.3 Million
Scott C. Adair, 50, and Linda A. Adair, 52, of Canfield, Ohio, have been charged with embezzling at least $1.3 million from Southwind Trucking Company in Austintown, where Scott Adair was a co-owner. According to the criminal complaint, Scott Adair masterminded the misappropriation from March 2004 through October 2007. Investigators believe the scheme actually dates back to 2000 and perhaps earlier. He has been charged with 11 counts of aggravated grand theft, money laundering, telecommunication fraud, tampering with records and engaging in a pattern of corrupt activity. Linda Adair was charged with four counts of complicity to grand theft, complicity to money laundering and complicity to engage in a pattern of corrupt activity. The complaint seeks the forfeiture of the couple's home, contents, bank accounts, investment accounts and other property. Scott Adair's business partner in Southwind Trucking is Ric Barringer, who filed a civil suit against the Adair's last April. The company closed down in October 2007 and had to lay off 30 employees as a result, according to reports.
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