Chief Financial Officer Sentenced to Federal Prison Restitution Ordered to be Paid to Brookings Company

MEDFORD, OR—Gary Alan Green, 50, Brookings, Oregon was sentenced Monday to over 5.5 years in federal prison by Senior U.S. District Judge Owen M. Panner for mail fraud and money laundering. The court also ordered Green to pay $ 402,706.89 restitution to the victim, Tidewater Contractors, Inc, of Brookings, Oregon.

Between September 2007 and September 2008, while serving as Tidewater’s chief financial officer, Green devised a sophisticated scheme to defraud the company, embezzling over half a million dollars. The scheme involved creating bogus invoices to have Tidewater pay for fictitious company insurance policies, professional services and geotechnical consulting services for the company. Green diverted the funds to pay for credit card convenience checks he utilized for investments in mutual fund companies, to honeymoon in Greece, to purchase cattle and a 53- foot sailboat and to pay other personal expenses. The embezzlement was first noticed and brought to the attention of Tidewater by the fraud investigation division of Chase Credit Card Services resulting in a criminal investigation by federal and state law enforcement authorities.

The sentence imposed by the Court was longer than the federal sentencing guideline range calculated for Green. Green was convicted in state court in Medford for racketeering in 2003 for committing a near identical crime, using false invoices and fictitious businesses. In that case, he embezzled over $600,000 from Darez Inc, a local business located in Ashland, Oregon. Green received an 18-month sentence in that case. Green, who is currently in custody of the US Marshals, will begin serving his sentence immediately.

The case was investigated by the Federal Bureau of Investigation and IRS Criminal Investigation Division in Medford, Oregon and the Curry County Sheriff’s office, and prosecuted by Assistant U.S. Attorney Byron Chatfield.