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Docs: Anderson man to pay thousands after wire fraud guilty plea

INDIANAPOLIS -- An Anderson man recently pleaded guilty in Indianapolis federal court after he conducted around 120 electronic transfers worth more than $952,000 to his personal account from the company he was working for.

According to court documents filed in late May in the United States District Court for the Southern District of Indiana's Indianapolis division, Nathaniel Wills pleaded guilty to one count of wire fraud. This was in relation to the reported transfers from a retail flooring and installation services business he worked at for more than six years.

Starting in August 2020 and continuing until February 2022, Wills transferred company funds from its bank accounts, as well as the company's PayPal account and credit cards, to his own personal account. During his time with the company, Wills served as an accountant for the company and was later named the company's director of administration.

Wills made false entries in the company's retail flooring management system regarding these transfers, recording that the transfers were invoice payments, when the transfers were to himself. Over the course of the fraud scheme, Willis cleared around 120 transfers totaling at least $952,237.06.

The guilty plea states a wire fraud offense is punishable by a maximum sentence of 20 years in prison, a $250,000 fine and no more than three years of supervised release.

For Wills' specific case, the prosecution agreed to seek a sentence no greater than 41 months, or a little more than three years in prison. Wills will also pay $877,507.72 in restitution.

According to court documents, an initial hearing in this guilty plea is scheduled for June 17 in Indianapolis federal court.


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