Christopher L. Myers, Wire Fraud, Idaho 2013

Arizona Man Sentenced to 37 Months in Prison for Wire Fraud

BOISE – A 37-year-old Arizona man has been sentenced to 37 months in prison for wire fraud, announced U.S. Attorney Wendy J. Olson.

Christopher L. Myers, of Cave Creek, Arizona, was sentenced today in United States District Court in Boise to 37 months in prison for wire fraud.

Chief U.S. District Judge B. Lynn Winmill also ordered Myers to serve three years of supervised release, fined him $7,500, and ordered him to pay $606,989 in restitution to ClickBank.

In 2006, Myers was employed by Click Sales, Inc., doing business as ClickBank. For a portion of that time, he served as the company’s comptroller.

As comptroller, Myers was responsible for tracking “issued but uncashed” checks. However, he began wire transferring funds from ClickBank’s bank account to his personal bank accounts on 26 separate occasions between August 2008 and November 2011.

The funds that were wire transferred corresponded to the “issued but uncashed” checks to ClickBank retailer-clients. In total, Myers admitted he wire transferred approximately $449,643 from ClickBank’s bank account to his own bank accounts.

The case was investigated by the Boise Police Department and the Federal Bureau of Investigation.

This announcement is part of efforts underway by President Obama’s Financial Fraud Enforcement Task Force (FFETF) to investigate and prosecute financial crimes.

The FFETF is a coalition of law enforcement, investigatory, and regulatory agencies working together to combat fraud.

Myers pleaded guilty to the charge on August 22, 2013.

He is ordered to pay $157,346 for costs incurred by ClickBank in its internal investigation.

The amount of restitution includes $449,643 that Myers admitted he fraudulently wire transferred and $157,346 for costs incurred by ClickBank.

The total amount of restitution is $606,989.

Myers used the funds for personal purchases and expenditures, including mortgage payments and personal investment and retirement accounts.

The case is part of a larger effort to combat financial crimes and protect victims.

The FFETF has made great strides in facilitating increased investigation and prosecution of financial crimes since its formation in November 2009.

For more information on the task force, visit www.stopfraud.gov.

Source: https://www.justice.gov/usao-id/pr/arizona-man-sentenced-idaho-federal-court-wire-fraud