Kenneth Ray Moore, Tax Evasion and Defrauding Employer, Kentucky 2023

State: Kentucky
Category: Fraud &#038; Financial Crimes
Source: <a href="https://www.justice.gov/usao-wdky/pr/bowling-green-kentucky-man-sentenced-federal-prison-and-ordered-pay-over-15-million" style="color:#cc0000;" target="_blank" rel="nofollow noopener">DOJ Press Release ÃƒÂ¢Ã¢â‚¬Â Ã¢â‚¬â€

A scheme to embezzle funds from his employer has landed a Bowling Green man in hot water. Kenneth Ray Moore, 56, was sentenced to 3 years and 10 months in federal prison for wire fraud, money laundering, and tax evasion.

According to court documents, between October 2009 and May 2020, Moore committed wire fraud by engaging in a scheme to embezzle $1,145,800 from his employer. Moore, who formerly held the position of Vice President of Finance, caused his employer to issue checks to ‘KBM Solutions,’ a shell company he created to receive embezzled funds. Moore laundered money by transferring the embezzled funds to his personal financial accounts.

Moore also failed to file personal income tax returns between 2013 and 2020, and owed over $300,000 in unpaid taxes, penalties, and interest.

Moore was ordered to pay $1,158,194.80 in restitution for the embezzlement scheme and $342,155.84 in restitution for tax evasion, for a total of $1,500,350.64 in restitution.

The case was investigated by the IRS Criminal Investigation Bowling Green Office and the USPIS Bowling Green Office.

Assistant U.S. Attorney Raymond McGee, of the U.S. Attorney’s Paducah Branch Office, and Assistant U.S. Attorneys Erin Bravo and Madison Sewell of the Louisville Office, prosecuted the case.

Bowling Green is a city located in the state of Kentucky. Moore’s sentence was announced by U.S. Attorney Michael A. Bennett of the Western District of Kentucky, Special Agent in Charge Karen Wingerd, Cincinnati Field Office, IRS Criminal Division, and U.S. Postal Inspector in Charge Lesley Allison of the Pittsburgh Division.

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