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Million-Dollar Embezzler Pleads Guilty
Lexington, KY — In a shocking case of corporate betrayal, Bradley E. Taylor, 38, of Winchester, KY, has admitted to stealing over $3 million from his former employer, Apollo Oil, LLC.
According to court documents, Taylor, who worked as Apollo’s operations manager, created a fictitious supplier, BCW, LLC, and falsified purchase orders, invoices, and other shipping documents, causing Apollo to issue checks to BCW for nonexistent products. He then stole the checks issued by Apollo, deposited them into a bank account he opened in the name of BCW, and converted the proceeds to his personal use.
The scheme, which ran from 2004 to 2014, resulted in Apollo issuing 232 checks to BCW, totaling $3,055,422.33. Taylor personally received all of this money.
Taylor waived his right to be indicted by a grand jury and pleaded guilty to wire fraud before U.S. District Court Judge Danny C. Reeves on Monday. Kerry B. Harvey, United States Attorney for the Eastern District of Kentucky, and Howard Marshall, Special Agent in Charge, FBI, jointly announced the guilty plea.
The investigation was conducted by the FBI, with Assistant U.S. Attorney Andrew Boone prosecuting the case on behalf of the federal government.
Taylor is scheduled to be sentenced on January 27, 2016, and faces up to 20 years in prison and a maximum fine of $250,000. Any sentence will be imposed by the Court after consideration of the U.S. Sentencing Guidelines and the federal statutes.
The case serves as a stark reminder of the devastating consequences of corporate greed and the importance of robust internal controls to prevent such schemes from occurring.
Key Facts
- State: Kentucky
- Category: White Collar Crime|Fraud & Financial Crimes
- Source: DOJ Press Release â†â€â€
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