Home News Indian Sentenced for Bank Fraud and Stealing from Employer

Indian Sentenced for Bank Fraud and Stealing from Employer

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Indian Sentenced Stealing Employer

A 45-year-old Indian-American has been ordered to prison for bank fraud &  stealing more than $484,000 from Weatherford, stated the Acting United States Attorney Abe Martinez. Kiran Andhavarapu pleaded guilty February 9, 2017.

Today, United States District Judge Keith P. Ellison, who admitted the guilty plea, sentenced Andhavarapu to twenty months in federal prison quickly followed by 3 years of supervised release. In declaring the sentence, Judge Ellison noticed Andhavarapu abused a position of trust as a financial controller which facilitated his commission of the offense.

The fraud included a plot to steal money from Andhavarapu’s employer, Weatherford, & its subsidiary, EProduction Solutions LLC. Andhavarapu started bank accounts in the name of “EProduction Solutions” also listed himself as the owner & sole proprietor of the business. He then stole refund checks made out to also relating to his employer and fraudulently deposited those checks in the accounts he had created.

As the portion of his plea, Andhavarapu confessed he stole a whole of $484,873.95.

Andhavarapu will outlast in custody pending transfer to a United States Bureau of Prisons facility to be decided at a later date.

The FBI carried the investigation. Assistant United States Attorney Justin R. Martin is continuing the case.

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