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Kingsland Man Guilty of $1.2M Embezzlement
A Kingsland man has pleaded guilty to embezzling over $1.2 million from his employer in a complex scheme that spanned nearly seven years.
James Jeffrey Hosea, 56, of Kingsland, Georgia, admitted to creating a fake vendor and submitting falsified invoices to his employer, TDS Telecommunications Corp.
Hosea would then transfer the money from the PayPal account to his personal bank accounts, making over 800 fraudulent transactions.
As part of a plea agreement, Hosea consented to a judgment against himself in the amount of $1,230,634.21, which represents the sum stolen from his employer.
Hosea pled guilty to wire fraud and faces a maximum statutory sentence of 20 years in prison and a $250,000 fine.
The case was investigated by the Federal Bureau of Investigation, with Assistant United States Attorney T. Shane Mayes prosecuting on behalf of the United States.
Hosea remains out on bond pending his sentencing, which will be scheduled after the United States Probation Office completes a presentence investigation.
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Key Facts
- State: Georgia
- Category: White Collar Crime|Fraud & Financial Crimes
- Source: DOJ Press Release â†â€â€
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