Accountant’s Methods, Stealing $2.8 Million From Employer

When an accountant, filed papers to incorporate a company, he had no plans to operate the business.  Instead, the fictitious company was part of a plan to embezzle millions of dollars from an employer.

On Jan. 30, the same accountant was sentenced to community service and probation and ordered to pay restitution for a similar embezzlement plan in which he stole nearly $400,000 when he worked for a different construction company.

He is now accused of creating fake invoices and checks and creating fake documents along with real ones that he used to pay the vendors.

After an executive signed the checks, the accountant added his surname to the recipient line and deposited the money into a personal account.  He also created a fake company whose name was similar to that of an actual and by altering checks made he alledgedly stole the remainder of the $2.8 million.

The accountant has pleaded not guilty.

It’s alleged that he used the money for several things, including $105,000 down payment on a house and  $53,000 to two plastic surgeons.