Manhattan Man Accused of Embezzling Over $500,000
Associated Press - Wed 04:10 PM 02/06/2013
According to U.S. Attorney Barry Grissom's Office, 63-year-old Larry D. Lord is charged with 10 counts of mail fraud.
A Manhattan accountant is accused of embezzling over a half-million dollars from the commercial construction company where he worked.
According to U.S. Attorney Barry Grissom's Office, 63-year-old Larry D. Lord is charged with 10 counts of mail fraud.
The indictment alleges that from 2005 to 2012 he used his access to the bank accounts of Cheney Construction Incorporated in Manhattan to steal $536,179. Lord was responsible for paying the company’s bills and for issuing payroll checks to company employees. The indictment alleges he wrote checks on the company’s accounts and mailed them to pay personal credit card debts belonging to him and his wife.
If convicted, he faces a maximum penalty of 20 years in federal prison and a fine up to $250,000 on each count.
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ksfarmdude
Wednesday 6 February 2013 16:29 Report this comment
apparently he was responsible for using his access to their money to pay his own bills hope they throw the book a them both and they take all their stuff
Aurora.
Wednesday 6 February 2013 23:02 Report this comment
Here we go once again when a business lets one person do the accounting without checks and balances. Outside firms should check the accounting of any company this size. Companies that do not do this deserve what they get.
Iamgonnagetyou
Thursday 7 February 2013 08:21 Report this comment
You would think the company would have an outside accounting firm check their books.