William J. Trier, II, 57, of Williston, South Carolina, was sentenced yesterday to 63 months in prison for embezzling approximately $5,272,556 from Crane Company, where he had been employed as director of logistics in the shipping department. According to prosecutors, Trier, who was also convicted on money laundering charges, embezzled the funds between 1997 and October 2007. Trier's scheme involved creating 2 phony companies from which he created fraudulent invoices that he approved, had processed and then collected the proceeds for his own purposes.
Read the story here.
Read the DOJ announcement here.
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