The Houston Chronicle reports that Barry A. Thomas, former CFO of Central Leasing Corp., has pleaded guilty in federal court to wire fraud in a $1.2 million embezzlement scheme.

The article notes that prosecutors say Thomas will be required to make more than $1.1 million in restitution and has already repaid $100,000. A sentencing date has not been set.

As previously reported on monitordaily, Thomas carried out his embezzlement by directing the online release of payroll money that exceeded his salary to his personal account. The total amount Thomas obtained as a result of his embezzlement was about $1,226,277, according to court documents.

To read the full Houston Chronicle article click here.

Previously on monitordaily: U.S. Attorney Charges Former Central Leasing CFO With Fraud, published July 5, 2011