Monday, October 5, 2009

Arizona Man Sentenced In $800K Embezzlement Scheme

Timothy Benedict, 47, of Tucson, Arizona, was sentenced to six years in prison for embezzling some $817,000 from his in-law's businesses with whom he had been employed. According to prosecutors, over a five year period, Benedict siphoned funds from Canberra Construction Company and E-Z Metal Building Sales, two businesses owned by Cole Quilliam, his father-in-law. Benedict had transferred funds to himself and his own company, Lantum Investments and skimmed cash and deposited funds meant for his employer.

Read the story here.

No comments: