Conroe Man Ordered to Prison for Bank Fraud and Stealing from Employer
HOUSTON – A 45-year-old man from Conroe has been ordered to prison for bank fraud and stealing more than $484,000 from Weatherford, announced Acting U.S. Attorney Abe Martinez. Kiran Andhavarapu pleaded guilty Feb. 9, 2017.
Today, U.S. District Judge Keith P. Ellison, who accepted the guilty plea, sentenced Andhavarapu to 20 months in federal prison immediately followed by three years of supervised release. In issuing the sentence, Judge Ellison found Andhavarapu abused a position of trust as a financial controller which facilitated his commission of the offense.
The fraud involved a scheme to steal money from Andhavarapu’s employer, Weatherford, and its subsidiary, EProduction Solutions LLC. Andhavarapu opened bank accounts in the name of “EProduction Solutions” and listed himself as the owner and sole proprietor of the business. He then stole refund checks made out to and belonging to his employer and fraudulently deposited those checks in the accounts he had created.
As part of his plea, Andhavarapu admitted he stole a total of $484,873.95.
Andhavarapu will remain in custody pending transfer to a U.S. Bureau of Prisons facility to be determined at a later date.
The FBI conducted the investigation. Assistant U.S. Attorney Justin R. Martin is prosecuting the case.