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Justice News

Department of Justice
U.S. Attorney’s Office
Middle District of Tennessee

Thursday, February 1, 2018

Former Controller At Portland Industrial Facility Indicted For Embezzlement

Indictment Alleges Defendant Stole More Than $235,000

David G. King, 51, of Gallatin, Tennessee, was indicted yesterday by a federal grand jury and charged with four counts of wire fraud, announced United States Attorney Don Cochran of the Middle District of Tennessee.

The indictment alleges that King, while employed at a Portland, Tennessee company as a controller, embezzled approximately $235,000 over a 23-month period, beginning in June 2014.  King allegedly concealed the fraud by creating fictitious vendor accounts in the company’s accounts payable system and then issued checks made payable to himself and linked to the fake vendors.

If convicted, King faces up to 20 years in prison and up to a $1million fine.

This case is being investigated by the FBI and Assistant U.S. Attorney Stephanie N. Toussaint is prosecuting the case.

An indictment is merely an accusation.  A defendant is presumed innocent unless and until proven guilty in a court of law.

Financial Fraud
David Boling Public Information Officer 615-736-5956
Updated February 1, 2018