Former Chief Financial Officer Is Sentenced To Prison For Embezzlement Scheme

CHARLOTTE, N.C. – John M. Casper, 60, of Charlotte, was sentenced today to 24 months in prison followed by one year of supervised for embezzling thousands of dollars from his employer, announced Dena J. King, U.S. Attorney for the Western District of North Carolina.

Robert M. DeWitt, Special Agent in Charge of the Federal Bureau of Investigation (FBI), Charlotte Division, joins U.S. Attorney King in making today’s announcement.

According to filed court documents and court proceedings, between 2018 and 2020, Casper misused his position as Chief Financial Officer (CFO) to embezzle more than $694,000 from the victim company. Court documents show that Casper executed the embezzlement scheme by conducting approximately 112 unauthorized financial transactions, transferring funds from the victim company’s accounts to bank accounts under Casper’s control. As the victim company’s CFO, Casper used his access to the company’s accounting system to disguise the fraud, by creating fake or incorrect financial entries in the company’s books and records so that the victim company’s books would reconcile.

On September 19, 2023, Casper pleaded guilty to wire fraud. Casper will be ordered to report to a designated United States Bureau of Prisons facility to begin serving his sentence of incarceration.

In making today’s announcement, U.S. Attorney King thanked the FBI in Charlotte for their investigation of the case.

Assistant U.S. Attorney Graham Billings of the U.S. Attorney’s Office in Charlotte prosecuted the case.