CHARLOTTE, N.C. – Former financial officer John Casper has been sentenced to 24 months in prison after he embezzled thousands of dollars from his employer, according to North Carolina Attorney Dena King.
According to court documents, between 2018 and 2020, casper misused his position as chief financial Officer (CFO) to embezzle more than $694,000 from the victim company.
Court documents show that Casper executed the the embezzlement scheme by conducting approximately 112 unauthorized financial transactions, transferring funds from the victim company’s accounts to bank accounts under Casper control.
As the victim company’s CFO, Casper used his access to the company accounting system to disguise the fraud, by creating fake or incorrect financial entries in the company’s books and records so that the victim company’s books would reconcile.
On September 19, 2023, Casper pleaded guilty to wire fraud. Casper will be ordered to report to a designated United States Bureau of Prisons facility to begin serving his sentence of incarceration.
