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Fri Jun 26, 2020, 02:38 AM

How An Ecorse Man Embezzled $1 Million From His Employer Over 8 Years

Phillip E. Garza, 52, was an ocean export specialist for a logistics company in Taylor that arranges freight shipments in North America and abroad.

Over eight years, he figured out how to embezzle more than $1 million from his employer, Hankyu Hanshin Express, federal authorities say. On Wednesday, he pleaded guilty.

Garza will be sentenced on Sept. 29. Under the plea agreement, he faces a guideline range of 41-51 months in prison. He must also pay restitution.

Garza arranged shipments through third-party shippers. In 2006, he filed an assumed name certificate for El Centro Express and opened a bank account and rented a post office box under the name “Phillip E. Garza, dba El Centro Express.” El Centro Express conducted no business and was a shell company, the U.S. Attorney's Office says.

Read more: https://www.deadlinedetroit.com/articles/25600/how_an_ecorse_man_allegedly_embezzled_1_million_from_his_employer_over_8_years

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