Tuesday, November 18, 2008

Virginia Corporate Accountant Sentenced To Prison For $757K Embezzlement

John N. Sacco, 66, of Chesterfield, Virginia, was sentenced last week to 28 months in prison for embezzling some $757,000 from his former employer, Environmental Supply Co. Inc. Sacco served as the company's accountant and managed to siphon the funds from the corporate accounts for his own benefit. Sacco pleaded guilty earlier in the year to six embezzlement charges and five counts of check forgery. According to prosecutors, there was little oversight of Sacco's bookkeeping methods such that he was able to write checks to himself, one for nearly $30,000.

Read the story here.

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