John M. Casper, Embezzlement, North Carolina 2024

CHARLOTTE, N.C. – In a shocking case of corporate malfeasance, a former Chief Financial Officer has been sentenced to prison for embezzling thousands of dollars from his employer. John M. Casper, 60, of Charlotte, was handed a 24-month prison term followed by one year of supervised release for his role in the embezzlement scheme.

Casper’s scheme, which spanned from 2018 to 2020, saw him misuse his position to embezzle more than $694,000 from the victim company. Court documents reveal that he conducted approximately 112 unauthorized financial transactions, transferring funds from the company’s accounts to bank accounts under his control.

As the company’s CFO, Casper used his access to the accounting system to disguise the fraud, creating fake or incorrect financial entries in the company’s books and records so that the books would reconcile.

The embezzlement scheme was uncovered, and Casper pleaded guilty to wire fraud on September 19, 2023. He will be ordered to report to a designated United States Bureau of Prisons facility to begin serving his sentence of incarceration.

U.S. Attorney Dena J. King thanked the FBI in Charlotte for their investigation of the case, which brought Casper to justice.

Assistant U.S. Attorney Graham Billings of the U.S. Attorney’s Office in Charlotte prosecuted the case.

Casper’s egregious actions have resulted in significant financial losses for his former employer, and his sentence serves as a stark reminder of the consequences of corporate malfeasance.

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