Controller of Virginia Company Pleads Guilty to Embezzling More than $3 Million from His Employer

by Andrew Murray | October 29th, 2019

The Department of Justice announced entry of the plea on October 4, 2019. The Press Release states:

* * *

According to court documents, Reginald Zayas, 48, of Upper Marlboro, was the Controller at a Virginia-based company.  Over the course of almost four years, Zayas embezzled approximately $3.2 million from the company. Zayas embezzled the money by unlawfully transferring funds from the company‚Äôs bank account to his own bank account, and he then often transferred the money from his account to others. Zayas used the laundered money to pay for his own personal expenses.

Zayas pleaded guilty to violating the Travel Act and faces a maximum penalty of five years in prison when sentenced on Jan. 31, 2020. Actual sentences for federal crimes are typically less than the maximum penalties. A federal district court judge will determine any sentence after taking into account the U.S. Sentencing Guidelines and other statutory factors.

* * *

Leave a Reply

Recent Posts

Recent Comments

Archives

Categories

Meta