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Kansas Accountant Sentenced for Embezzlement

Associated Press - August 12, 2013 7:27 pm

A northeast Kansas accountant has been sentenced to 33 months in federal prison for embezzling more than $500,000 from the construction company where he worked.

The U.S. Attorney’s office says 64-year-old Larry Lord, of Manhattan, must also pay about $640,000 in restitution under the sentence he received Monday.

Lord worked as an accountant at Cheney Construction Inc. in Manhattan. In a guilty plea in March, he admitted writing more than $535,000 in checks on the company’s account from 1995 to 2012 and using some of the money to pay personal expenses. 

Lord also admitted avoiding nearly $104,000 in taxes by failing to report the stolen funds as income.

Red Neck

August 13, 2013 at 8:32 am

Hmm what’s the chance that he will live long enought to repay what they said he needs to repay. Any assets he may have had, probably have been dispersed by now. Good luck in getting that money back. I believe that companies that do not have checks and balances in place to keep people from doing this should not be entitled to recoup their monies.

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