Marc Weiss, Wire Fraud, North Carolina 2024
CHARLOTTE, N.C. - In a shocking case of corporate betrayal, Marc Weiss, 48, of Charlotte, pleaded guilty to wire fraud for embezzling a staggering $1.6 million from two companies in Mooresville, N.C.
According to court documents and a plea hearing before U.S. Magistrate Judge David C. Keesler, Weiss engaged in a brazen scheme to defraud the companies, where he was employed as a bookkeeper, from 2016 to 2022.
Over the course of the scheme, Weiss abused his position and access to the companies' financial accounts to make more than 120 fraudulent transfers totaling $1.6 million into bank accounts under his control. To disguise the fraud, Weiss created fake entries in the victim companies' books and records, categorizing the fraudulent transfers as payments to existing vendors for software development, and advertising and marketing expenses.
As Weiss admitted in court, he used the embezzled funds to pay for personal expenses, including a luxury apartment in Charlotte, high-end vehicles, and travel and vacations.
Weiss was released on bond following today's plea hearing. The wire fraud charge carries a maximum penalty of 20 years in prison. A sentencing date for Weiss has not been set.
In making today's announcement, U.S. Attorney Dena J. King thanked the U.S. Secret Service and the Iredell County Sheriff's Office for their investigation of the case.
Assistant U.S. Attorney Jenny G. Sugar of the U.S. Attorney's Office in Charlotte is prosecuting the case.
Weiss's guilty plea is a stark reminder of the devastating consequences of white-collar crime. As we continue to uncover the truth behind corporate deceit, we must hold individuals accountable for their actions.
The case against Weiss is a testament to the tireless efforts of law enforcement agencies and prosecutors who work tirelessly to bring justice to victims of financial crimes.
Mandatory facts:
- Defendant/respondent: Marc Weiss
- Criminal charges: Wire fraud
- City and state: Charlotte, NC
- Date: No specific date given, but the scheme occurred from 2016 to 2022 and the plea hearing was held today
- Sentence or outcome: Released on bond, maximum penalty of 20 years in prison
- Dollar amounts: $1.6 million
Key Facts
- State: North Carolina
- Category: White Collar Crime
- Source: DOJ Press Release â†â€â€
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