A devastating case of corporate greed has come to a close in western Pennsylvania, as Larry Dean Winckler, the Chief Operating Officer of Indiana-based Falcon Drilling Company, was sentenced to 96 months in prison for embezzling nearly $9.02 million from his employer.
Winckler, 53, of Indiana, Pa., was convicted of conspiracy to commit mail fraud, forged checks, and tax fraud in federal court on January 23, 2015.
According to information presented to the court, Winckler conspired to embezzle company funds by creating forged checks and fake company invoices between 2007 and 2012.
The scheme involved using forged checks, fake invoices to fictitious or real vendors, and false statements to auditors in order to defraud Falcon Drilling Company.
U.S. District Judge Terrence F. McVerry imposed the sentence on Winckler, noting the seriousness of the crime and the enormity of the embezzlement over several years.
Assistant United States Attorney Gregory C. Melucci prosecuted this case on behalf of the government, and U.S. Attorney David J. Hickton commended the United States Postal Inspection Service and Internal Revenue Service-Criminal Investigation for their investigation leading to the successful prosecution of Winckler.
Winckler was also ordered to pay $10,206,425 in restitution as part of his sentence, a significant sum that is a fraction of the total amount embezzled during the scheme.
The case serves as a harsh reminder of the consequences of corporate malfeasance and the importance of vigilant oversight and accountability in the business world.
Related Federal Cases
- Madeline Isenberg, Bank Embezzlement, PA 2023 · Washington
- Ancelmo Ayala, Cocaine Trafficking, Pennsylvania · Texas
- Timothy S. Lenon, Social Security Benefits Embezzlement, GA 2024 · Georgia
- Carol Lynn Been, Credit Union Embezzlement, OK 2017 · Pennsylvania
- Michael Timothy Buchanan, Health Care Fraud, Pennsylvania 2019 · Pennsylvania
Key Facts
- State: Pennsylvania
- Category: Fraud & Financial Crimes
- Source: DOJ Press Release â†â€â€
ðŸâ€Â’ Get the grimiest stories delivered weekly. Subscribe free →
MORE FEDERAL CRIME NEWS
US NewsUS NewsUS NewsUS News