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Million-Dollar Embezzlement Scheme Exposed
A 68-year-old Michigan man has been sentenced to four years and nine months in federal prison for his role in embezzling over $2.3 million from Vineyards Development Corp. in Naples, Florida.
Alfred W. Lenz, a former controller for the company, pleaded guilty to wire fraud in June 2014 and was sentenced by United States District Judge Sheri Polster Chappell.
Lenz was found to have embezzled a total of $2,380,465.11 between January 11, 2007, and December 9, 2010, using the money to purchase real estate and cover personal expenses.
As part of his sentence, Lenz was ordered to forfeit his interest in a house located in Montague, Michigan, and the contents of a retirement account linked to the embezzled funds. He was also required to pay $2,380,465.11 in restitution to the victim.
The government intends to seek permission to turn over any recovered funds to the Clerk of the Court for distribution to the victim.
The case was investigated by the United States Secret Service and the Collier County Sheriff’s Office’s Economic Crimes Unit, with assistance from the Office of the State Attorney for the Twentieth Judicial Circuit.
Assistant United States Attorney David G. Lazarus prosecuted the case.
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Key Facts
- State: Florida
- Category: White Collar Crime
- Source: DOJ Press Release ↗
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