Real stories

|  April 29, 2013

RippedFromHeadlinesHead

A quick  search for construction company embezzlement tales leads to a multitude of examples, including:

The Commercial Appeal, Memphis, Tennessee:

Karen Tripp, a longtime bookkeeper for Seiler-Nabers Construction, Collierville, Tennessee, was sentenced to 51 months and ordered to pay $1.5 million she stole during a 5-year period, writing 184 checks to three accounts she controlled.

Orlando Sentinel, Orlando, Florida:

Casey Loveall, former controller of Hulke Construction, Sanford, Florida, was sentenced to three years and eight months in prison for sending 47 payments totaling $1.6 million to his own accounts.

KXXV-TV News Channel 25:

Laura Marissa Castillo, payroll clerk for Wolff Construction, Belton, Texas, was arrested for writing $184,886 in unauthorized paychecks to her husband, brother-in-law and cousin over two years, modifying the accounting program to hide the thefts.

PhillyBurbs.com:

Thomas Bruce Stevenson, former president of Veneesa Construction, Chalfont, Pennsylvania, pleaded guilty to forging signatures and diverting more than $516,000 to buy a Waverunner, cars, a hot tub and a horse trailer. Michael LoStracco, the company’s former chief financial officer, also pleaded guilty to stealing more than $138,000.

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