CFO Sentenced to Prison in Check Kiting Scheme and for Tax Evasion
ERIE, PA—A resident of Bradenton, Florida, has been sentenced in federal court to 27 months in jail, and ordered to make restitution to Thayer Power and Communication in the amount of $202,789 and to the Internal Revenue Service in the amount of $87,840 on his conviction of bank fraud and tax evasion, United States Attorney David J. Hickton announced today.
Senior United States District Judge Maurice B. Cohill imposed the sentence on Brian M. Quimby.
According to information presented to the court, while Quimby was employed as CFO of Thayer Power and Communications, he engaged in an extensive check kiting scheme defrauding Key Bank and Thayer Power and Communication. In addition, Quimby failed to file his income tax return for calendar year 2007.
Prior to imposing sentence, Judge Cohill stated that he was troubled that Quimby had falsely told the IRS that he had mailed his tax return knowing that he had not filed the return with the IRS.
Assistant United States Attorney Christian A. Trabold prosecuted this case on behalf of the government.
U.S. Attorney Hickton commended the Internal Revenue Service, Criminal Investigation and the Federal Bureau of Investigation for the investigation leading to the successful prosecution of Quimby.