The sales manager of a Los Angeles based wholesaler and retailer of recreational vehicles and motorsports accessories, was sentenced to 18 months in prison for embezzling $478,434 and failing to report any of the money on his tax returns.
He was in charge of processing customer orders and creating invoices for them. Once the goods were shipped and received by the customers, he would notify the accounting department that the customer had cancelled the order. In reality, he had customers’ payments sent to accounts that he controlled.
From 2010 to 2015 this individual failed to report any of the stolen funds on his tax returns and owes $180,743 in income taxes. In addition to the prison sentence he was ordered to pay $659,177 in restitution to his former employer and the IRS.