Man Sentenced for Wire Fraud Scheme to Embezzle Funds from Employer
| U.S. Attorney’s Office May 24, 2010 |
INDIANAPOLIS—John R. Wallace, 52, Evansville, Ind., was sentenced to 24 months in prison today by U.S. District Chief Judge Richard L. Young following his guilty plea to wire fraud. This case was the result of an investigation by the Federal Bureau of Investigation and the Evansville Police Department.
Between August 1, 2007, and May 1, 2008, Wallace embezzled approximately $88,000 from his employer, Advanced Laser Instruments, by directing customers to wire sales proceeds from Canada to an account he controlled in Evansville, Ind.
According to Assistant U.S. Attorney Todd S. Shellenbarger, who prosecuted the case for the government, Chief Judge Young also imposed 3 years supervised release following Wallace’s release from prison. During the period of supervised release, Wallace must perform 80 hours of community service and he was ordered to make restitution in the amount of $88,220.