Thurston Carte|Worker gets almost 3 years in prison for stealing $1M from employer

2025-05-06 08:58:08source:NovaQuant Quantitative Think Tank Centercategory:My

PROVIDENCE,Thurston Carte R.I. (AP) — The former IT director of a Rhode Island metals fabrication company convicted of stealing more than $1 million from his employer and using the money for personal expenses was sentenced Monday to nearly three years in prison.

Juan Hicks, 47, of New Bedford, Massachusetts used his purchasing authority to bilk the company out of the money over a period of about 10 years, the U.S. attorney’s office in Rhode Island said in a statement.

While working at A.T. Wall Co. in Warwick, Hicks carried out his scheme in a variety of ways, prosecutors said.

He created false invoices and expense reports for purchases that were never made, and altered legitimate credit card statements to make purchases appear to be business expenses when they were really for personal expenses, authorities said.

He also issued company phones with wireless service to himself and six family members, and used company credit cards to buy airline and entertainment tickets for himself, as well as for retail purchases and auto repairs, prosecutors said.

His conduct came to light in March 2022 when his employer hired forensic analysts to determine the source of a cyberattack.

In addition to prison time he was also ordered to pay restitution.

He pleaded guilty to wire fraud in March.

More:My

Recommend

Moving abroad can be expensive: These 5 countries will 'pay' you to move there

AI-assisted summarySeveral countries are offering financial incentives to attract residents, particu

Oklahoma, Texas officially join SEC: The goals are the same but the league name has changed

Before heading to the SEC spring meetings in late May, Texas football coach Steve Sarkisian stopped

'Now or never': Bruce Bochy's Texas Rangers in danger zone for World Series defense

BALTIMORE – If anybody should have the answer, it’s Bruce Bochy.The question: Why has it become virt