Monday, November 21, 2011

Ohio Man Pleads Guilty To Embezzling $2.3 Million From 2 Companies

Shaun Allen Clark, age 33, of Newark, Ohio, has pleaded guilty to embezzling more than $2.3 million from The Scotts Company and Ohio Bridge Corporation, aka US Bridge, where he had been employed as controller.   According to authorities, in early 2008, Clark wrote two unauthorized checks to himself totalling $24,450 from The Scotts Company after which time he began to work for US Bridge.  Prosecutors alleged that from April 2008 to September 2009, Clark embezzled another $2,310,006 from US Bridge by issuing unauthorized electronic funds transfers to his own accounts. Clark also is reported to owe $336,028 in back taxes to the IRS on the ill-gotten gains.   According to media reports, Clark has a prior conviction for embezzling some $40,000 from Huntington National Bank in the late 1990s where he had been employed as a bank teller.

Read the story here and here.

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