Skip to main content
Press Release

Man Sentenced for Embezzling $19 Million from IT Company

For Immediate Release
U.S. Attorney's Office, Eastern District of Virginia

ALEXANDRIA, Va. – A Nokesville man was sentenced today to 6 1/2 years in prison for embezzling approximately $19.4 million from his employer, an information technology company headquartered in Reston.

Jon Frank, 48, pleaded guilty to wire fraud on June 9. According to the statement of facts filed with the plea agreement, Frank worked at the company as the controller. From 2007 until January 2017, he used his position to initiate transfers of approximately more than $19 million from the company’s bank account to his personal accounts. He created false documents to make it appear that the money was being sent as reimbursement to another company that was administering the health insurance plan for Frank’s employer. Relying upon his knowledge and the altered documents, he was able to mislead the individuals performing audits of the company’s financial records. Frank spent the money on expensive automobiles and real estate, among other things. In addition to his prison sentence, Frank was also ordered to pay $19,440,331 in restitution.

Dana J. Boente, U.S. Attorney for the Eastern District of Virginia, and Andrew W. Vale, Assistant Director in Charge of the FBI’s Washington Field Office, made the announcement after sentencing by U.S. District Judge Leonie M. Brinkema. Assistant U.S. Attorney Jack Hanly prosecuted the case.

A copy of this press release is located on the website of the U.S. Attorney’s Office for the Eastern District of Virginia. Related court documents and information is located on the website of the District Court for the Eastern District of Virginia or on PACER by searching for Case No. 1:17-cr-144.


Joshua Stueve
Director of Communications

Updated September 8, 2017

Financial Fraud