CALDWELL COUNTY, N.C. Community Charlotte News – A 55-12 months-old Lenoir gentleman was sentenced Thursday to 4 a long time in federal prison just after embezzling much more than $1 million from his former employer, in accordance to U.S. Legal professional William Stetzer.
Court paperwork said Richard Clark was employed as an business office manager at a family-owned organization in Caldwell County from 2013 to 2019. Clark was dependable for managing the companies’ bookkeeping and economic records, earning payments to vendors and the IRS and reconciling the companies’ financial institution accounts.
Clark was accused of making use of his position and entry to the companies’ economic documents and financial institution accounts to embezzle more than $1 million.
Court docket information confirmed Clark stole income from a business lender account the operator had directed him to shut.
Clark allegedly applied the account to steal from his employer by instructing shoppers to make payments to that account.
He also admitted in court docket that he laundered the money he embezzled by withdrawing client cash from the financial institution account by way of several fraudulent checks he wrote to himself. Clark applied the stolen income to fund his individual way of living, like to make payments for his home loan and auto personal loan payments for an F-150 truck and other motor vehicles. He also put in a residence theater process and paid for traveling and browsing charges.
Prosecutors explained Clark also utilised a fraudulent U.S. money tax return for tax 12 months 2018 by deliberately failing to claim the added money.
Richard Clark pleaded responsible in June to mail fraud, income laundering and earning a false assertion on his tax return.
He was sentenced to four yrs in federal prison and requested to serve yet another a few a long time of supervised release. Clark will also be required to fork out $980,000 as restitution to his victims and $194,750 to the IRS.
