Former Central Leasing CFO Pleads Guilty to Wire Fraud

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

Leave a comment

No tags available

View Latest Digital Edition

Terry Mulreany
Subscriptions: 800 708 9373 x130
Susie Angelucci
Advertising: 484.459.3016

View Latest Digital Edition

Visit our sister website for news, information, exclusive articles,
deal tables and more on the asset-based lending, factoring,
and restructuring industries.