Friday, March 12, 2010

Missouri Man Sentenced For $3.5 Million Embezzlement Scheme

Scott James Beeson, 53, of North Kansas City, Missouri, was sentenced yesterday to 51 months in prison for embezzling $3.5 million from Ferrellgas, Inc., a local propane dealer, where he had been employed as a fleet manager. According to authorities, Beeson, reportedly a college-educated Eagle Scout, created fake invoices for work that two vendors never performed. Beeson also reportedly gave at least $1 million of the misappropriated funds to finance Prominent Youth Inc., a youth mentoring project. The rest of the funds went to finance a lavish personal lifestyle, according to reports. Beeson, who had served as fleet manager for 13 years with Ferrellgas, pleaded guilty to wire fraud and money laundering charges last April. Beeson's scheme lasted more than 6 years, from January 2002 and March 2008.

Read the story here, here and here.

Read the DOJ announcement here.

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