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Home Latest News General

Nokesville Man Sentenced To Prison For Embezzling $19 Million From IT Company

by Jay Helton
September 9, 2017
1 min read
0
lady justice
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On Friday, it was announced that a Nokesville, Virginia man had been sentenced to 6 and a half years in prison for embezzling roughly $19.4 million from his employer. The victim was an information technology company based out of Reston. 48-year-old Jon Frank pleaded guilty to wire fraud in June of this year.

According to facts filed with the plea agreement, Frank worked as the controller for the company. From 2007 until January of 2017, Frank used his position to carry out transfers of more than $19 million from the company’s bank account to his personal accounts. The defendant created and used false documents to make it seem like the money was being sent as reimbursement to another firm responsible for administering health insurance plans for the defendant’s employer.

Thanks to his knowledge and the falsified documents, the defendant was able to mislead those responsible for performing audits of the company’s records. The defendant used the money for expensive automobile and real estate. In addition to the prison sentence, the defendant will also be required to pay $19,440,331 in restitution.

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Again, Jon Frank has been sentenced to six and a half years in prison.

Tags: jon franknokesvillevirginia
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