HomeLatest ThreadsGreatest ThreadsForums & GroupsMy SubscriptionsMy Posts
DU Home » Latest Threads » Forums & Groups » Places » U.S. » Virginia (Group) » Man Pleads Guilty to Embe...

Mon Oct 7, 2019, 05:23 AM

Man Pleads Guilty to Embezzling Over $3 Million From Employer

ALEXANDRIA, Va. – A Maryland man pleaded guilty today to embezzling money from his employer, a Virginia business.

According to court documents, Reginald Zayas, 48, of Upper Marlboro, was the Controller at a Virginia-based company. Over the course of almost four years, Zayas embezzled approximately $3.2 million from the company. Zayas embezzled the money by unlawfully transferring funds from the company’s bank account to his own bank account, and he then often transferred the money from his account to others. Zayas used the laundered money to pay for his own personal expenses.

Zayas pleaded guilty to violating the Travel Act and faces a maximum penalty of five years in prison when sentenced on Jan. 31, 2020. Actual sentences for federal crimes are typically less than the maximum penalties. A federal district court judge will determine any sentence after taking into account the U.S. Sentencing Guidelines and other statutory factors.

G. Zachary Terwilliger, U.S. Attorney for the Eastern District of Virginia, Timothy M. Dunham, Special Agent in Charge, Criminal Division, FBI Washington Field Office, and Jay N. Lerner, Inspector General of the Federal Deposit Insurance Corporation (FDIC-OIG), made the announcement after Senior U.S. District Judge Claude M. Hilton accepted the plea. Assistant U.S. Attorneys Cristina Stam and William Fitzpatrick are prosecuting the case.

Read more: https://www.justice.gov/usao-edva/pr/man-pleads-guilty-embezzling-over-3-million-employer

0 replies, 221 views

Reply to this thread

Back to top Alert abuse

Reply to this thread