Washington County Man Admits Embezzling Employer's Funds
PITTSBURGH, Pa. ‑ A resident of Lawrence, Pa., pleaded guilty in federal court yesterday to a charge of mail fraud, United States Attorney David J. Hickton announced today.
John J. Tain, 40, pleaded guilty before United States Senior District Judge Maurice B. Cohill to one count of mail fraud and took responsibility for the remaining two counts of wire fraud.
In connection with the guilty plea, the court was advised that Tain was the Controller of UBICS, Inc. He embezzled funds using wire transfers and company checks to pay for personal expenses including mortgage payments and credit card payments. The fraud continued for approximately four years and resulted in a loss to UBICS of $913,230.15.
Senior Judge Cohill scheduled sentencing for Feb. 22, 2011. The law provides for a total sentence of 20 years in prison, a fine of $250,000, or both. Under the Federal Sentencing Guidelines, the actual sentence imposed is based upon the seriousness of the offenses and the criminal history, if any, of the defendant.
Assistant United States Attorney Nelson P. Cohen is prosecuting this case on behalf of the government.
The United States Postal Inspection Service conducted the investigation that led to the prosecution of John J. Tain.
