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Justice News

Department of Justice
U.S. Attorney’s Office
Western District of Texas

Monday, April 6, 2015

San Antonio Man Sentenced to Federal Prison on Bank Fraud Charges

In San Antonio today, 41-year-old Michael Dennehy was sentenced to 63 months in federal prison for bank fraud announced Acting United States Attorney Richard L. Durbin, Jr., and Federal Bureau of Investigation (FBI) Special Agent in Charge Christopher Combs, San Antonio Division.

In addition to the prison term, Senior United States District Judge David A. Ezra ordered Dennehy to pay $1,935,402.72 in restitution back to his employer, H. G. Dennehy pleaded guilty on December 17, 2014, to a one-count criminal information charging bank fraud.

According to court records, Dennehy began working for H.G. in 2004 and was promoted to a position managing accounts payable. Dennehy’s job duties were to pay the bills for H.G. and handle the company’s billing for surrounding cities. Dennehy began stealing money from H.G. by writing checks to himself and depositing them into his personal bank accounts. Dennehy also wrote unauthorized company checks directly to pay his personal American Express bills. As time went on, Dennehy forged H.G. checks written to himself or for his benefit in amounts ranging from $4,850.00 to $13,256.69 at a time.

By pleading guilty to the charge, Dennehy admitted that from 2008 until he was caught in 2014, he embezzled nearly $2 million dollars from his former employer, H.G., and used the money he stole on strippers, luxury vehicles, and gambling trips to Louisiana.

This case was investigated by agents with the Federal Bureau of Investigation. Assistant United States Attorney Christina Playton prosecuted this case on behalf of the Government.

Financial Fraud
Updated April 7, 2015