Systems Engineer Pleads Guilty to Embezzling from Houma-Based Company
According to those records, RICHARD was a systems engineer for Company A, entrusted with the specification, purchase, installation, and support of equipment and systems used by the company’s technology infrastructure. RICHARD admitted to fraudulently using the corporate credit card issued to him by Company A for his own personal benefit. RICHARD embezzled money from his employer by creating false invoices for a shell company he controlled, and using his corporate card to make fraudulent purchases from the shell company. RICHARD also made unauthorized purchases of equipment, for his own personal use, with his corporate card. From January 1, 2012 through September 27, 2021, RICHARD fraudulently diverted $526,569.42 from Company A to himself.
RICHARD faces up to 10 years in prison, up to a $250,000.00 fine or the greater of twice the gross gain or twice the gross loss, up to three years of supervised release and a $100 mandatory special assessment fee. Judge Fallon set RICHARD’s sentencing for April 11, 2024.
U.S. Attorney Evans praised the work of the Federal Bureau of Investigation, New Orleans Field Office, in investigating this matter. Assistant U.S. Attorney Matthew R. Payne of the Financial Crimes Unit is in charge of the prosecution.
Shane M. Jones
Public Information Officer
United States Attorney's Office, Eastern District of Louisiana
United States Department of Justice
Updated January 10, 2024