Monday, January 9, 2012

Georgia Realtor Sentenced For Embezzling $160K From Firm

Andrew Lee Loftis, 40, of Athens, Georgia, has been sentenced to 48 months in prison followed by 15 years probation for embezzling about $160,000 from Keller Realty Greater Athens where he had been employed as office manager.  According to authorities, over a period of nearly 2 years, from November 2007 through August 2009, Loftis transferred company funds from the agency to his own accounts "because he didn’t want to lose the lifestyle he had."  Loftis was originally indicted in July 2010, after he left Keller Realty to form his own firm known as Loftis Holdings

Read the story here and here.

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