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June 5, 2012

Little Rock - Christopher R. Thyer, United States Attorney for the Eastern District of Arkansas and Brian Marr, Special Agent in Charge of the Little Rock Field Office of the United States Secret Service, announced Leander J. Muncy, III, age 44, of North Little Rock, Arkansas was sentenced today by the Honorable Susan Webber Wright, United States District Court Judge, Eastern District of Arkansas to 24 months imprisonment, 3 years supervised release, restitution in the amount of $268,719.80, and $100 special assessment. Muncy was ordered to report to the Bureau of Prisons to begin his sentence on July 16, 2012. This sentencing follows Muncy’s February 2, 2012 guilty plea to one count of theft and embezzlement from an employee pension benefit plan.

According to statements made at Muncy’s change of plea, from September 2004 until August 2010, Leander J. Muncy, III held various positions, including President and Vice-President, at Vouk Transportation, Inc., a transportation broker located in North Little Rock, Arkansas. Throughout that entire time period, Muncy served as trustee over the company's employee profit sharing plan.

While he was trustee, Muncy embezzled $270,707.94 from the plan, $224,500 of which was in the form of 19 checks which he either wrote to himself or B&E Transport, a company he had formed. In addition to those checks, Muncy also diverted loan payments which were intended for the profit sharing plan and deposited those into his personal account or cashed them for his use. The total amount of those diversions were $46,207.94.

“Financial fraud might seem to the perpetrator to be a crime that is hidden from exposure, but eventually, the books won’t add-up and the crime is revealed,” stated Thyer. “The employees of Vouk Transportation trusted Muncy to run the Employee Profit Sharing Plan for their benefit; not for his own. Today’s sentence should serve as an example of the consequences one will pay when people abuse the trust that has been placed in them and embezzle funds that were entrusted to their care.” Thyer continued by saying, “You can learn more about how to protect yourself against financial fraud at Take the time to review your financial statements and check your credit report annually for free by going to”

“The Secret Service has always been committed to safeguarding the nation's financial systems, and has responded to increasing embezzlement investigations through-out the state. The growing level of sophistication that these criminals are employing requires greater collaboration among law enforcement and its public and private sector partners. The successful prosecution of the defendant by the United States Attorney’s office regarding an investigation that was brought to this office by the North Little Rock Police Department, is a testament to the efforts of all involved. It was truly unfortunate that the defendant in this case, through his deception, took money from the corporation’s profit sharing plan. It seems so simple to guard against thieves that attack you from outside of your company, but the ones that attack you from within are a different matter,”stated Marr.

The investigation was conducted by the United States Secret Service in conjunction with the North Little Rock Police Department. It is being prosecuted by Assistant United States Attorney Karen Whatley.

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Christopher R. Thyer

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