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Bryan Sherbacow, Embezzlement, Washington 2024
A multimillion-dollar embezzlement scheme has been uncovered in the nation’s capital, with the founder and former CEO of a sustainable fuel company at the center of the scandal. Bryan Sherbacow, 54, of Charleston, South Carolina, and Washington, D.C., has been charged with embezzling at least $5.9 million from the company he founded.
According to court documents, Sherbacow allegedly engaged in a scheme to defraud the company by fraudulently transferring funds to a personal bank account and making unauthorized personal expenditures from a company bank account. The indictment alleges that Sherbacow attempted to conceal his embezzlement by emailing altered bank statements and other falsified financial records to a company accountant and members of the company’s board.
Sherbacow allegedly used embezzled funds to pay for personal items, including a vintage Mercedes-Benz sports car, a Range Rover sport utility vehicle, a down payment on a condo, payments to an art auction operator, personal tax liens, personal credit card payments, rent payments on personal residences, payment to a beach club, and the installation of an audio-visual system at a personal residence.
If convicted, Sherbacow faces a maximum penalty of 20 years in prison on the top counts of the indictment. The case is being investigated by the FBI Washington Field Office and the Defense Criminal Investigative Service, Charleston Resident Agency.
Assistant Attorney General Kenneth A. Polite, Jr. of the Criminal Division and Special Agent in Charge Wayne Jacobs of the FBI Washington Field Office’s Criminal and Cyber Division made the announcement. Trial Attorney Kyle Crawford of the Criminal Division’s Fraud Section is prosecuting the case.
Anyone believed to be a victim in this case is encouraged to contact the Fraud Section’s Victim Witness Unit at (888) 549-3945 or victimassistance.fraud@usdoj.gov. An indictment is merely an allegation, and all defendants are presumed innocent until proven guilty beyond a reasonable doubt in a court of law.
Key Facts
- State: Washington
- Category: White Collar Crime
- Source: DOJ Press Release â†â€â€
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