| April 29, 2013
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.
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.
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.
Contractor Marketing Plan
What you need to examine to move the needle forward.
Provided by FMI